We assign a technical rating of 8 out of 10 to HFXE. Although HFXE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Warning: HFXE has an average volume of 3009 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- HFXE 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 HFXE is lagging the market slightly.
- When comparing the performance of all stocks over the past year, HFXE turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- In the last month HFXE has a been trading in a tight range between 18.52 and 19.45.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, HFXE also presents 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 19.07, a Stop Loss order could be placed below this zone.
More info and screens
16.28
When analyzing the support we can see 2 important areas.
- A support zone ranging from 18.21 to 19.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @16.44 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 19.13 to 19.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.22 to 21.29. 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 HFXE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HFXE is up. |
| ChartMill Relative Strength | 48.67 | NEUTRAL | HFXE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HFXE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HFXE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HFXE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.16 | NEUTRAL | The RSI value for HFXE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests HFXE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.02 | NEUTRAL | The Stochastics value for HFXE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.25 | LOW VOLATILITY | The low ATR as a percentage value for HFXE suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.34 | 18.51 | 0.83 (4.30%) | 23.25% |
| An entry @19.34. This is a Buy Stop order right above the resistance zone. | An exit @18.51. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.83 points, which is 4.30%. | When investing 23.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:HFXE (8/5/2020, 8:04:00 PM)
19.068
+0.1 (+0.54%)
IQ 50% Hedged FTSE Europe / HFXE FAQ
Can you provide the ChartMill technical rating for IQ 50% Hedged FTSE Europe?
ChartMill assigns a technical rating of 8 / 10 to HFXE.
Can you provide the trend direction for IQ 50% Hedged FTSE Europe?
The current trend direction for IQ 50% Hedged FTSE Europe (HFXE) is Bullish.
What is the RSI signal for HFXE stock?
IQ 50% Hedged FTSE Europe (HFXE) has an RSI value of 53.157. This indicates that the stock is currently neutral.
Can you provide the MACD signal for IQ 50% Hedged FTSE Europe?
The MACD indicator for IQ 50% Hedged FTSE Europe (HFXE) has a value of -0.0613822, indicating a bearish trend.
What are the support and resistance levels for IQ 50% Hedged FTSE Europe (HFXE) stock?
IQ 50% Hedged FTSE Europe (HFXE) has a support level at 19.07 and a resistance level at 19.13. Check the full technical report for our detailed analysis of HFXE support and resistance levels.