VANECK RAR EARTH ND STG-USDI (REMX) Stock Technical Analysis
NYSEARCA:REMX - US92189H8051 - ETF
59.43 USD
-1.15 (-1.9%)
59.5 USD
+0.07 (+0.12%)
Taking everything into account, REMX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, REMX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, REMX did better than 93% of all other stocks.
REMX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so REMX is lagging the market slightly.
In the last month REMX has a been trading in the 52.05 - 64.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although REMX has an excellent technical rating, the quality of the presented setup is not ideal 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
38.62
63.71
We found 4 important support areas.
- A support zone ranging from 58.20 to 59.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.00 from a trend line in the daily time frame.
- Support @39.64 from a trend line in the weekly time frame.
- Support @39.01 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 63.08 to 63.08. 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 REMX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REMX is up. |
| ChartMill Relative Strength | 93.08 | POSITIVE | REMX has a high relative strength, it outperformed 93.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of REMX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REMX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of REMX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.47 | NEUTRAL | The RSI value for REMX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests REMX has a negative trend. |
| Stochastics (14,3) | 53.64 | NEUTRAL | The Stochastics value for REMX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for REMX suggests some volalility. |
| Average Directional Index/ADX (14) | 36.85 | POSITIVE | The high ADX value value for REMX suggests a strong 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)
59.43
-1.15 (-1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.9%
1 Week-4.04%
2 Weeks5%
1 Month16.32%
3 Month53.29%
6 Month41.94%
12 Month63.54%
2 Year-10.4%
3 Year-28.68%
5 Year57.6%
10 Year33.13%
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%3.16%
ATR Inc-25.4%
Range Today1.1
ADR(20)1.17
ADR(20)%1.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.08
Mansfield2.37
10 Day High64.02
10 Day Low56.55
20 Day High64.02
20 Day Low52.05
52 Week High64.02
52 Week Low32.36
CS1 End59.42
CR1 Start63.08
Volume & EV
DER(3)-2.67%
DER(5)-1.41%
Volume389.20K
Volume Incr0.4%
Vol(5)636.70K
Vol(50)605.53K