INVESCO CURRENCYSHARES EURO (FXE) Stock Technical Analysis
USA - NYSEARCA:FXE - US46138K1034 - ETF
107.16 USD
+0.54 (+0.51%)
107.15 USD
-0.01 (-0.01%)
Taking everything into account, FXE scores 3 out of 10 in our technical rating. FXE has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
FXE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FXE is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When compared to the yearly performance of all other stocks, FXE outperforms 54% of them, which is more or less in line with the market.
In the last month FXE has a been trading in a tight range between 106.47 and 110.01.
The technical rating of FXE is bad and it also does not present a quality setup 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
93.37
110.58
3 important support areas can be observed.
- A support zone ranging from 105.90 to 106.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @102.35 from a horizontal line in the daily time frame.
- A support zone ranging from 94.31 to 94.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 107.59 to 109.49. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for FXE is down. |
| ChartMill Relative Strength | 54.84 | NEUTRAL | FXE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FXE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FXE is below 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) | 42.5 | NEUTRAL | The RSI value for FXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests FXE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.8 | OVERSOLD | The low Stochastics value suggests FXE may be oversold. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for FXE suggests low volalility. |
| Average Directional Index/ADX (14) | 15.16 | NEGATIVE | The low ADX value for FXE suggests a weak or negative trend. |
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)
107.16
+0.54 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.51%
1 Week-1.03%
2 Weeks-0.8%
1 Month-1.07%
3 Month-0.64%
6 Month2.32%
12 Month6.17%
2 Year9.56%
3 Year17.45%
5 Year-2.17%
10 Year-0.56%
15 Year-22.73%
Volatility
ATR(14)0.53
ATR(20)%0.53%
ATR Inc49.31%
Range Today0.61
ADR(20)0.4
ADR(20)%0.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.84
Mansfield-0.39
10 Day High108.51
10 Day Low106.47
20 Day High110.01
20 Day Low106.47
52 Week High110.01
52 Week Low94.08
CS1 End106.36
CR1 Start107.59
Volume & EV
DER(3)0.29%
DER(5)-2.5%
Volume126.20K
Volume Incr18.55%
Vol(5)136.14K
Vol(50)124.34K