Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) Technical Analysis
NYSEARCA:EWEM
Current stock price
EWEM Technical Rating and Analysis
Overall EWEM gets a technical rating of 2 out of 10. In the last year, EWEM was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, EWEM is a bad performer in the overall market: 65% of all stocks are doing better.
- Warning: EWEM has an average volume of 1364 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month EWEM has a been trading in the 30.59 - 32.68 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- EWEM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EWEM is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
EWEM Weekly and Daily overview Charts
EWEM Setup Rating and Analysis
EWEM has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
EWEM Support and Resistance Analysis
28.73
We found 2 important support areas.
- A support zone ranging from 30.65 to 31.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 29.02 to 29.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 31.46 to 31.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.36 to 32.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
EWEM Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for EWEM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EWEM is down. |
| ChartMill Relative Strength | 35.36 | NEUTRAL | EWEM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWEM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EWEM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EWEM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.81 | NEUTRAL | The RSI value for EWEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EWEM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.37 | NEUTRAL | The Stochastics value for EWEM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for EWEM suggests low volalility. |
EWEM Chart- and CandleStick Pattern Analysis
EWEM Technicals: Chart, Performance Metrics, Trend & Indicators
Guggenheim MSCI Emerging Mkts Eq Wt ETF
NYSEARCA:EWEM (2/14/2020, 8:18:48 PM)
31.285
0 (0%)
Guggenheim MSCI Emerging Mkts Eq Wt ETF / EWEM TA FAQ
What is the technical rating for EWEM stock?
ChartMill assigns a technical rating of 2 / 10 to EWEM.
Can you provide the trend direction for Guggenheim MSCI Emerging Mkts Eq Wt ETF?
The current trend direction for Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) is Bearish.
Can you provide the RSI signal for Guggenheim MSCI Emerging Mkts Eq Wt ETF?
Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) has an RSI value of 45.8119. This indicates that the stock is currently neutral.
What is the short term momentum for Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) stock?
The short term momentum for Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) is negative.
What is the support and resistance level for EWEM stock?
Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) has a support level at 31.2 and a resistance level at 31.46. Check the full technical report for our detailed analysis of EWEM support and resistance levels.