Taking everything into account, EWRI scores 0 out of 10 in our technical rating. EWRI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
EWRI 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
42.00
We found 1 important support area.
- Support @42.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 46.40 to 47.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @47.99 from a trend line in the weekly time frame.
- A resistance zone ranging from 49.81 to 49.87. 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 | DOWN | NEGATIVE | The long term trend for EWRI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EWRI is down. |
| ChartMill Relative Strength | 18.85 | NEGATIVE | EWRI has a low relative strength, it was outperformed by 81.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWRI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EWRI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EWRI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.25 | NEUTRAL | The RSI value for EWRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EWRI has a positive trend. |
| Stochastics (14,3) | 45.15 | NEUTRAL | The Stochastics value for EWRI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.83 | LOW VOLATILITY | The low ATR as a percentage value for EWRI suggests low volalility. |
Guggenheim Russell 1000? Equal Wt ETF
NYSEARCA:EWRI (1/27/2016, 12:13:04 AM)
43.64
0 (0%)
Guggenheim Russell 1000? Equal Wt ETF / EWRI FAQ
What is the technical rating for EWRI stock?
ChartMill assigns a technical rating of 0 / 10 to EWRI.
What is the current trend direction of Guggenheim Russell 1000? Equal Wt ETF (EWRI) stock?
The current trend direction for Guggenheim Russell 1000? Equal Wt ETF (EWRI) is Bearish.
Can you provide the RSI signal for Guggenheim Russell 1000? Equal Wt ETF?
Guggenheim Russell 1000? Equal Wt ETF (EWRI) has an RSI value of 38.2462. This indicates that the stock is currently neutral.
What is the buy/sell signal for EWRI stock?
The buy/sell signal for Guggenheim Russell 1000? Equal Wt ETF (EWRI) is sell as both the short term and long term trends are negative.
What is the support and resistance level for EWRI stock?
Guggenheim Russell 1000? Equal Wt ETF (EWRI) has a support level at 42.42 and a resistance level at 46.4. Check the full technical report for our detailed analysis of EWRI support and resistance levels.