MACKENZIE MAX DIVERS EM ETF (MEE.CA) Stock Technical Analysis
TSX:MEE - Toronto Stock Exchange - CA55453Q1081 - ETF - Currency: CAD
Overall MEE gets a technical rating of 0 out of 10. MEE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, MEE is a bad performer in the overall market: 64% of all stocks are doing better.
Warning: MEE has an average volume of 2075 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
MEE 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 MEE is lagging the market slightly.
In the last month MEE has a been trading in the 24.59 - 28.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
MEE has a poor technical rating and the quality of the setup is also only medium 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
22.02
29.02
4 important support areas can be observed.
- A support zone ranging from 24.65 to 25.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.14 from a horizontal line in the daily time frame.
- Support @23.56 from a trend line in the weekly time frame.
- Support @22.24 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 27.07 to 27.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 28.60 to 28.73. 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 | NEUTRAL | NEUTRAL | The long term trend for MEE.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MEE.CA is down. |
| ChartMill Relative Strength | 36.32 | NEUTRAL | MEE.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MEE.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MEE.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEE.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.85 | NEUTRAL | The RSI value for MEE.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MEE.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.61 | NEUTRAL | The Stochastics value for MEE.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for MEE.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.68 | NEGATIVE | The low ADX value for MEE.CA 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)
TSX:MEE (9/27/2024, 7:00:00 PM)
26.16
-0.35 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.32%
1 Week4.64%
2 Weeks-8.53%
1 Month-6.6%
3 Month-3.5%
6 Month0.58%
12 Month8.68%
2 Year18.45%
3 Year-5.06%
5 Year13.52%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.87
ATR(20)%2.7%
ATR Inc-33.72%
Range Today0.18
ADR(20)0.31
ADR(20)%1.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.32
Mansfield-1.09
10 Day High28.85
10 Day Low24.59
20 Day High28.85
20 Day Low24.59
52 Week High28.85
52 Week Low22.7
CS1 End25
CR1 Start27.07
Volume & EV
DER(3)2.44%
DER(5)1.46%
Volume12.40K
Volume Incr48.32%
Vol(5)3.97K
Vol(50)2.08K