IVZ EUROPE EQUAL WEIGHT ACC (MEEQ.DE) Stock Technical Analysis
FRA:MEEQ - Deutsche Boerse Ag - IE000LUZJNI7 - ETF - Currency: EUR
Taking everything into account, MEEQ scores 5 out of 10 in our technical rating. In the last year, MEEQ was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, MEEQ 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 16.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.02, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
15.67
We found 1 important support area.
- A support zone ranging from 15.83 to 16.02. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.12 to 16.26. 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 MEEQ.DE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEEQ.DE is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MEEQ.DE has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MEEQ.DE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEEQ.DE is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 67.03 | NEUTRAL | The RSI value for MEEQ.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests MEEQ.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.75 | OVERBOUGHT | The high Stochastics value suggests MEEQ.DE may be overbought. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for MEEQ.DE suggests low volalility. |
| Average Directional Index/ADX (14) | 15.6 | NEGATIVE | The low ADX value for MEEQ.DE suggests a weak or negative trend. |
FRA:MEEQ (6/10/2025, 7:00:00 PM)
16.106
+0.02 (+0.14%)