Technical Analysis for EDOC - Global X Telemedicine & Digital Health ETF

Grade Last Price % Change Price Change
D 9.22 2.28% 0.21
EDOC closed up 2.28 percent on Friday, May 3, 2024, on 18 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Flat Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Crossed Above 50 DMA Bullish 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
20 DMA Support Bullish 2.28%
Doji - Bearish? Reversal 2.28%
Gapped Up Strength 2.28%
Crossed Above 20 DMA Bullish 3.77%

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Profile

The Global X Telemedicine & Digital Health ETF (EDOC) seeks to invest in companies positioned to benefit from further advances in the field of telemedicine and digital health. This includes companies involved in Telemedicine, Health Care Analytics, Connected Health Care Devices, and Administrative Digitization.
Classification

Keywords: Telehealth Telemedicine Health Informatics Assistive Technology Digital Health Connected Health

Top 10 Components

Symbol Grade Price % Change Allocation
MASI C 0.25 6.45
DXCM D -0.37 6.43
IRTC C 0.00 5.79
TNDM A 0.00 5.32
OSCR A 0.00 5.26
A C -0.56 5.20
DOCS F 0.00 4.26
ILMN F 0.00 4.18
RCM D 0.80 4.04
TWST B 4.10 3.98

Is EDOC a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 12.1
52 Week Low 8.02
Average Volume 38,792
200-Day Moving Average 9.49
50-Day Moving Average 9.17
20-Day Moving Average 8.86
10-Day Moving Average 8.85
Average True Range 0.20
RSI (14) 57.98
ADX 14.49
+DI 36.32
-DI 24.67
Chandelier Exit (Long, 3 ATRs) 8.75
Chandelier Exit (Short, 3 ATRs) 9.00
Upper Bollinger Bands 9.35
Lower Bollinger Band 8.37
Percent B (%b) 0.86
BandWidth 11.09
MACD Line -0.06
MACD Signal Line -0.13
MACD Histogram 0.0675
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.47
Resistance 3 (R3) 9.48 9.41 9.43
Resistance 2 (R2) 9.41 9.35 9.41 9.41
Resistance 1 (R1) 9.31 9.31 9.36 9.30 9.40
Pivot Point 9.24 9.24 9.27 9.24 9.24
Support 1 (S1) 9.14 9.18 9.19 9.13 9.03
Support 2 (S2) 9.07 9.14 9.07 9.02
Support 3 (S3) 8.97 9.07 9.00
Support 4 (S4) 8.96