VANECK ENERGY INCOME ETF (EINC) Stock Technical Analysis
NYSEARCA:EINC - NYSE Arca - US92189H8705 - ETF - Currency: USD
Taking everything into account, EINC scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
EINC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: EINC has an average volume of 9250 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, EINC did better than 83% of all other stocks. On top of that, EINC also shows a nice and consistent pattern of rising prices.
EINC 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 EINC is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, EINC also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 97.16, a Stop Loss order could be placed below this zone.
More info and screens
87.10
105.01
5 important support areas can be observed.
- A support zone ranging from 96.06 to 97.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @93.76 from a trend line in the weekly time frame.
- Support @92.24 from a horizontal line in the weekly time frame.
- Support @90.35 from a horizontal line in the daily time frame.
- Support @87.98 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 97.94 to 98.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 102.99 to 103.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.65
Mansfield0.64
10 Day High99.6
10 Day Low96.41
20 Day High102.66
20 Day Low94.82
52 Week High104.7
52 Week Low70.4
Performance
1 Week-1.22%
2 Weeks-0.22%
1 Month-5.02%
3 Month-4%
6 Month16.91%
12 Month36.83%
2 Year58.29%
3 Year62.01%
5 Year108.19%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.16
RSI(14)46.49
LBB96.67
UBB99.28
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 |
|---|---|---|---|
| 98.21 | 96.40 | 1.81 (1.85%) | 25.00% |
| An entry @98.21. This is a Buy Stop order right above the resistance zone. | An exit @96.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.81 points, which is 1.85%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%. |
- The distance between exit and entry is rather small compared to the average daily movement of EINC. Please evaluate whether better entry and exit points can be found.
- 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.
NYSEARCA:EINC (2/21/2025, 8:15:27 PM)
97.1829
-1.2 (-1.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.22%
1 Week-1.22%
2 Weeks-0.22%
1 Month-5.02%
3 Month-4%
6 Month16.91%
12 Month36.83%
2 Year58.29%
3 Year62.01%
5 Year108.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.65
ATR(20)%1.94%
ATR Inc2.93%
Range Today1.89
ADR(20)1.66
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.65
Mansfield0.64
10 Day High99.6
10 Day Low96.41
20 Day High102.66
20 Day Low94.82
52 Week High104.7
52 Week Low70.4
CS1 End97.16
CR1 Start97.94
Volume & EV
DER(3)-1.21%
DER(5)-0.72%
Volume7.20K
Volume Incr-48.71%
Vol(5)4.36K
Vol(50)9.25K