Taking everything into account, RWDE scores 4 out of 10 in our technical rating. In the last year, RWDE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
RWDE has an average technical rating and it also does not offer a high 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
48.79
We found 1 important support area.
- A support zone ranging from 49.28 to 49.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 51.75 to 54.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.78 from a horizontal 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 | UP | POSITIVE | The long term trend for RWDE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWDE is down. |
| ChartMill Relative Strength | 43.42 | NEUTRAL | RWDE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWDE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RWDE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RWDE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.57 | NEUTRAL | The RSI value for RWDE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests RWDE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.41 | OVERSOLD | The low Stochastics value suggests RWDE may be oversold. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for RWDE suggests low volalility. |
Developed Over Emerging Markets ETF Direxion
NYSEARCA:RWDE (9/25/2020, 8:04:00 PM)
51.6804
+0.26 (+0.51%)
Developed Over Emerging Markets ETF Direxion / RWDE FAQ
What is the ChartMill technical rating of Developed Over Emerging Markets ETF Direxion (RWDE) stock?
ChartMill assigns a technical rating of 4 / 10 to RWDE.
Can you provide the trend direction for Developed Over Emerging Markets ETF Direxion?
The current trend direction for Developed Over Emerging Markets ETF Direxion (RWDE) is Bullish.
What is the RSI signal for RWDE stock?
Developed Over Emerging Markets ETF Direxion (RWDE) has an RSI value of 44.5669. This indicates that the stock is currently neutral.
What is the buy/sell signal for Developed Over Emerging Markets ETF Direxion (RWDE) stock?
The buy/sell signal for Developed Over Emerging Markets ETF Direxion (RWDE) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for Developed Over Emerging Markets ETF Direxion (RWDE) stock?
Developed Over Emerging Markets ETF Direxion (RWDE) has a support level at 49.81 and a resistance level at 51.75. Check the full technical report for our detailed analysis of RWDE support and resistance levels.