We assign a technical rating of 7 out of 10 to FXE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, FXE is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by FXE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- When comparing the performance of all stocks over the past year, FXE turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
- In the last month FXE has a been trading in a tight range between 106.92 and 111.54.
- Volume is considerably higher in the last couple of days.
Although FXE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
93.59
When analyzing the support we can see 2 important areas.
- A support zone ranging from 105.90 to 108.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.54 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 111.10 to 111.10. 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 | UP | POSITIVE | The long term trend for FXE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FXE is up. |
| ChartMill Relative Strength | 68.08 | NEUTRAL | FXE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FXE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FXE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FXE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 77.46 | OVERBOUGHT | The high RSI value suggests FXE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests FXE has a positive trend. |
| Stochastics (14,3) | 94.24 | OVERBOUGHT | The high Stochastics value suggests FXE may be overbought. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for FXE suggests low volalility. |
| Average Directional Index/ADX (14) | 23.2 | NEUTRAL | The ADX value for FXE suggests a possible start of a new trend. |
111.09
+1.36 (+1.24%)
INVESCO CURRENCYSHARES EURO / FXE FAQ
What is the ChartMill technical rating of INVESCO CURRENCYSHARES EURO (FXE) stock?
ChartMill assigns a technical rating of 7 / 10 to FXE.
Can you provide the trend direction for INVESCO CURRENCYSHARES EURO?
The current trend direction for INVESCO CURRENCYSHARES EURO (FXE) is Bullish.
What is the RSI signal for INVESCO CURRENCYSHARES EURO (FXE) stock?
INVESCO CURRENCYSHARES EURO (FXE) has an RSI value of 77.4572. This indicates that the stock is currently overbought.
What is the buy/sell signal for INVESCO CURRENCYSHARES EURO (FXE) stock?
The buy/sell signal for INVESCO CURRENCYSHARES EURO (FXE) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for INVESCO CURRENCYSHARES EURO (FXE) stock?
INVESCO CURRENCYSHARES EURO (FXE) has a support level at 108.34 and a resistance level at 111.1. Check the full technical report for our detailed analysis of FXE support and resistance levels.