NYSEARCA:VEU - NYSE Arca - US9220427754 - ETF - Currency: USD
Taking everything into account, VEU scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, VEU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, VEU also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 66.08, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
55.66
We found 3 important support areas.
When analyzing the resistance we notice one important area.
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 VEU is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VEU is up. |
ChartMill Relative Strength | 71.69 | POSITIVE | VEU has a high relative strength, it outperformed 71.69% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VEU is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VEU is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VEU is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 56.13 | NEUTRAL | The RSI value for VEU is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests VEU has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 54.61 | NEUTRAL | The Stochastics value for VEU is a neutral value. |
Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for VEU suggests low volalility. |
Average Directional Index/ADX (14) | 22.28 | NEUTRAL | The ADX value for VEU suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
67.09 | 64.47 | 2.62 (3.91%) | 25.00% |
An entry @67.09. This is a Buy Stop order right above the resistance zone. | An exit @64.47. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.62 points, which is 3.91%. | For a 0.98% total portfolio risk, you can invest 25.00% of your capital in this trade. |
66.12
-0.21 (-0.32%)