Emerging Over Developed Markets ETF Direxion (RWED) Stock Technical Analysis
USA - NYSEARCA:RWED -
51.8804
-0.11 (-0.22%)
We assign a technical rating of 3 out of 10 to RWED. RWED has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month RWED has a been trading in the 51.33 - 55.41 range, which is quite wide. It is currently trading near the lows of this range.
Warning: RWED has an average volume of 5263 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
RWED 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 RWED is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the yearly performance of all stocks, we notice that RWED is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Considerably lower volume is observed in the last couple of days.
The technical rating of RWED is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
50.66
56.43
When analyzing the support we notice one important area.
- A support zone ranging from 51.17 to 51.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.13 to 55.87. This zone is formed by a combination of multiple trend lines and important moving averages 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 RWED is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RWED is down. |
| ChartMill Relative Strength | 71.84 | POSITIVE | RWED has a high relative strength, it outperformed 71.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RWED is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RWED is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RWED is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.85 | NEUTRAL | The RSI value for RWED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests RWED has a negative trend. |
| Stochastics (14,3) | 4.97 | OVERSOLD | The low Stochastics value suggests RWED may be oversold. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for RWED suggests low volalility. |
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)
Emerging Over Developed Markets ETF Direxion
NYSEARCA:RWED (9/25/2020, 8:04:00 PM)
51.8804
-0.11 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.22%
1 Week-3.94%
2 Weeks-1.48%
1 Month-4.5%
3 Month9.15%
6 Month33.52%
12 Month8.61%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%1.35%
ATR Inc-26.71%
Range Today0.55
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.84
Mansfield-0.08
10 Day High55.02
10 Day Low51.33
20 Day High55.41
20 Day Low51.33
52 Week High55.87
52 Week Low36.32
CS1 End51.87
CR1 Start53.13
Volume & EV
DER(3)0%
DER(5)0%
Volume700
Volume Incr-96.55%
Vol(5)220
Vol(50)5.26K