iShares Evolved US Financials ETF (IEFN) Stock Technical Analysis
USA - NYSEARCA:IEFN - US46431W6553 - ETF
We assign a technical rating of 7 out of 10 to IEFN. In the last year, IEFN was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
IEFN has an excellent technical rating and 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 resistance zone just above the current price starting at 31.06. Right above this resistance zone may be a good entry point.
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26.50
When analyzing the support we notice one important area.
- A support zone ranging from 26.77 to 26.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.06 to 31.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 34.20 to 34.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 34.99 to 35.20. 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 IEFN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IEFN is up. |
| ChartMill Relative Strength | 74.27 | POSITIVE | IEFN has a high relative strength, it outperformed 74.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IEFN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IEFN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IEFN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.25 | NEUTRAL | The RSI value for IEFN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests IEFN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.97 | OVERBOUGHT | The high Stochastics value suggests IEFN may be overbought. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for IEFN suggests low volalility. |
| Average Directional Index/ADX (14) | 32.72 | POSITIVE | The high ADX value value for IEFN suggests a strong trend. |
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 |
|---|---|---|---|
| 31.21 | 29.70 | 1.51 (4.83%) | 20.70% |
| An entry @31.21. This is a Buy Stop order right above the resistance zone. | An exit @29.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.51 points, which is 4.83%. | For a 1.00% total portfolio risk, you can invest 20.70% of your capital in this trade. |
- 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.
iShares Evolved US Financials ETF
NYSEARCA:IEFN (8/22/2022, 8:19:23 PM)
31
-0.04 (-0.11%)