AB CORPORATE BOND ETF (EYEG) Stock Technical Analysis
NASDAQ:EYEG - Nasdaq - US00039J8633 - ETF - Currency: USD
Taking everything into account, EYEG scores 2 out of 10 in our technical rating. EYEG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
EYEG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 35.21, a Stop Loss order could be placed below this zone.
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34.03
When analyzing the support we notice one important area.
- A support zone ranging from 34.37 to 35.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.27 to 35.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.35 to 37.19. 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 EYEG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EYEG is down. |
| ChartMill Relative Strength | 30.28 | NEUTRAL | EYEG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EYEG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EYEG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EYEG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.66 | NEUTRAL | The RSI value for EYEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EYEG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.58 | OVERSOLD | The low Stochastics value suggests EYEG may be oversold. |
| Average True Range in percent/ATR (20) | 0.24 | LOW VOLATILITY | The low ATR as a percentage value for EYEG suggests low volalility. |
| Average Directional Index/ADX (14) | 11.7 | NEGATIVE | The low ADX value for EYEG suggests a weak or negative trend. |
NASDAQ:EYEG (7/17/2025, 8:20:38 PM)
35.2155
+0.04 (+0.12%)