Invesco RAFI Strategic Emerging Markets ETF (ISEM) Stock Technical Analysis
NASDAQ:ISEM - Nasdaq - US46138J6929 - ETF - Currency: USD
We assign a technical rating of 2 out of 10 to ISEM. ISEM 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.
In the last month ISEM has a been trading in the 22.92 - 24.53 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, ISEM turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
ISEM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ISEM is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, ISEM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.40, a Stop Loss order could be placed below this zone.
More info and screens
22.38
26.90
We found 2 important support areas.
- A support zone ranging from 23.07 to 23.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.61 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 23.53 to 23.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.17 to 24.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 24.95 to 25.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.63 from a trend line in the weekly time frame.
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 ISEM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ISEM is down. |
| ChartMill Relative Strength | 58.1 | NEUTRAL | ISEM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ISEM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ISEM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ISEM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.84 | NEUTRAL | The RSI value for ISEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ISEM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.02 | NEUTRAL | The Stochastics value for ISEM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for ISEM suggests low volalility. |
| Average Directional Index/ADX (14) | 10.46 | NEGATIVE | The low ADX value for ISEM 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)
Invesco RAFI Strategic Emerging Markets ETF
NASDAQ:ISEM (3/30/2023, 8:00:03 PM)
After market: 22.9119 -0.52 (-2.23%)23.435
-0.01 (-0.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.02%
1 Week-0.57%
2 Weeks0.43%
1 Month-2.44%
3 Month3.43%
6 Month18.27%
12 Month-9.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%1.04%
ATR Inc-78.02%
Range Today0.09
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.1
Mansfield-0.02
10 Day High23.71
10 Day Low23.34
20 Day High24.53
20 Day Low22.92
52 Week High26.5
52 Week Low18.43
CS1 End23.4
CR1 Start23.53
Volume & EV
DER(3)0%
DER(5)-1.16%
Volume800
Volume Incr-75.28%
Vol(5)14.80K
Vol(50)39.75K