Guggenheim MSCI Emerging Mkts Eq Wt ETF (EWEM) Stock Technical Analysis
NYSEARCA:EWEM - NYSE Arca -
We assign a technical rating of 2 out of 10 to EWEM. 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 long term trend is neutral, but the short term trend is negative. Better to stay away from this!
EWEM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EWEM is lagging the market.
Volume is considerably higher in the last couple of days.
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.
More info and screens
28.73
33.02
2 important support areas can be observed.
- 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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Guggenheim MSCI Emerging Mkts Eq Wt ETF
NYSEARCA:EWEM (2/14/2020, 8:18:48 PM)
31.285
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.94%
2 Weeks2.09%
1 Month-3.77%
3 Month0.34%
6 Month6.27%
12 Month-1.68%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%0.89%
ATR Inc-76.52%
Range Today0.11
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.36
Mansfield-1.15
10 Day High31.51
10 Day Low30.74
20 Day High32.68
20 Day Low30.59
52 Week High32.68
52 Week Low28.99
CS1 End31.2
CR1 Start31.46
Volume & EV
DER(3)0.22%
DER(5)0.02%
Volume6.20K
Volume Incr641.16%
Vol(5)7.18K
Vol(50)1.36K