Guggenheim Russell 1000? Equal Wt ETF (EWRI) Stock Technical Analysis
NYSEARCA:EWRI - NYSE Arca -
Overall EWRI gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, EWRI is a bad performer in the overall market: 82% of all stocks are doing better.
EWRI is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EWRI is lagging the market.
EWRI is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: EWRI has an average volume of 6302 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
EWRI 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
42.00
50.37
When analyzing the support we notice one important area.
- Support @42.42 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- 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. |
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 Russell 1000? Equal Wt ETF
NYSEARCA:EWRI (1/27/2016, 12:13:04 AM)
43.64
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week2.85%
2 Weeks-2.06%
1 Month-9.27%
3 Month-11.52%
6 Month-15%
12 Month-12.39%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.93
ATR(20)%1.83%
ATR Inc-49.24%
Range Today0.24
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
CRS18.85
Mansfield-0.5
10 Day High44.74
10 Day Low40.94
20 Day High48.47
20 Day Low40.94
52 Week High53.53
52 Week Low40.94
CS1 End42.42
CR1 Start46.4
Volume & EV
DER(3)0.93%
DER(5)0.56%
Volume10.30K
Volume Incr-21.79%
Vol(5)6.28K
Vol(50)6.30K