INVESCO MSCI EAFE INCOME ADV (EFAA) Stock Technical Analysis
NYSEARCA:EFAA - NYSE Arca - US46090A7138 - ETF - Currency: USD
Taking everything into account, EFAA scores 6 out of 10 in our technical rating. Although EFAA is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
EFAA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 49.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.63, a Stop Loss order could be placed below this zone.
More info and screens
45.14
When analyzing the support we can see 2 important areas.
- A support zone ranging from 47.14 to 49.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.60 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 49.94 to 50.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 |
|---|---|---|---|
| 50.96 | 47.60 | 3.37 (6.60%) | 15.14% |
| An entry @50.96. This is a Buy Stop order right above the resistance zone. | An exit @47.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.37 points, which is 6.60%. | For a 1.00% total portfolio risk, you can invest 15.14% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
49.7
+0.11 (+0.23%)