China ETF Vaneck (PEK) Technical Analysis
NYSEARCA:PEK
Current stock price
PEK Technical Rating and Analysis
Taking everything into account, PEK scores 2 out of 10 in our technical rating. PEK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- Warning: PEK has an average volume of 14906 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When compared to the yearly performance of all other stocks, PEK outperforms 63% of them, which is more or less in line with the market.
- PEK 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 PEK is lagging the market slightly.
- In the last month PEK has a been trading in a tight range between 34.98 and 36.98.
- Considerably lower volume is observed in the last couple of days.
PEK Weekly and Daily overview Charts
PEK Setup Rating and Analysis
The technical rating of PEK is bad and it also does not present a quality setup 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
PEK Support and Resistance Analysis
32.72
When analyzing the support we notice one important area.
- A support zone ranging from 33.05 to 33.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 36.17 to 36.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @40.56 from a horizontal line in the daily time frame.
- Resistance @43.05 from a trend line in the weekly time frame.
PEK Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for PEK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PEK is neutral. |
| ChartMill Relative Strength | 63.63 | NEUTRAL | PEK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PEK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PEK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PEK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.96 | NEUTRAL | The RSI value for PEK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests PEK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.5 | NEUTRAL | The Stochastics value for PEK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for PEK suggests low volalility. |
PEK Chart- and CandleStick Pattern Analysis
PEK Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:PEK (4/30/2020, 8:11:05 PM)
36.05
-0.74 (-2.01%)
China ETF Vaneck / PEK TA FAQ
Can you provide the ChartMill technical rating for China ETF Vaneck?
ChartMill assigns a technical rating of 2 / 10 to PEK.
What is the trend direction for PEK stock?
The current trend direction for China ETF Vaneck (PEK) is Bearish.
Can you provide the RSI signal for China ETF Vaneck?
China ETF Vaneck (PEK) has an RSI value of 49.956. This indicates that the stock is currently neutral.
What is the short term momentum for PEK stock?
The short term momentum for China ETF Vaneck (PEK) is neutral.