Taking everything into account, EWEM scores 2 out of 10 in our technical rating. 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.
EWEM has a poor technical rating and the quality of the setup is also only medium 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.
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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.
When analyzing the resistance we notice 2 important 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.
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. |
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 FAQ
What is the technical rating for EWEM stock?
ChartMill assigns a technical rating of 2 / 10 to EWEM.
What is the current trend direction of Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) stock?
The current trend direction for Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) is Bearish.
What is the RSI signal for EWEM stock?
Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) has an RSI value of 45.8119. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Guggenheim MSCI Emerging Mkts Eq Wt ETF?
The MACD indicator for Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) has a value of -0.000326415, indicating a bearish trend.
What are the support and resistance levels for Guggenheim MSCI Emerging Mkts Eq Wt ETF (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.