China ETF Vaneck (PEK) Stock Technical Analysis
USA - NYSEARCA:PEK -
We assign a technical rating of 2 out of 10 to PEK. 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 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
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.
We can see 3 important resistance areas.
- 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.
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. |
NYSEARCA:PEK (4/30/2020, 8:11:05 PM)
36.05
-0.74 (-2.01%)
China ETF Vaneck / PEK FAQ
Can you provide the ChartMill technical rating for China ETF Vaneck?
ChartMill assigns a technical rating of 2 / 10 to PEK.
Can you provide the trend direction for China ETF Vaneck?
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 China ETF Vaneck (PEK) stock?
The short term momentum for China ETF Vaneck (PEK) is neutral.
Can you provide the support and resistance levels for China ETF Vaneck?
China ETF Vaneck (PEK) has a support level at 33.21 and a resistance level at 36.17. Check the full technical report for our detailed analysis of PEK support and resistance levels.