ISHARES MSCI CHILE ETF (ECH) Stock Technical Analysis
USA - NYSEARCA:ECH - US4642866408 - ETF
32.85 USD
-0.32 (-0.96%)
32.99 USD
+0.14 (+0.43%)
We assign a technical rating of 8 out of 10 to ECH. Both in the recent history as in the last year, ECH has proven to be a steady performer, scoring decent points in every aspect analyzed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that ECH is one of the better performing stocks in the market, outperforming 75% of all stocks.
ECH 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 ECH is lagging the market slightly.
In the last month ECH has a been trading in a tight range between 32.27 and 34.11.
Volume is considerably higher in the last couple of days.
ECH has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 32.44, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ECH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
24.46
34.37
When analyzing the support we can see 5 important areas.
- A support zone ranging from 31.61 to 32.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.11 from a trend line in the daily time frame.
- A support zone ranging from 29.98 to 30.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.48 from a horizontal line in the daily time frame.
- Support @24.71 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 33.36 to 34.03. 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 ECH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ECH is neutral. |
| ChartMill Relative Strength | 75.34 | POSITIVE | ECH has a high relative strength, it outperformed 75.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ECH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ECH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ECH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.83 | NEUTRAL | The RSI value for ECH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests ECH has a negative trend. |
| Stochastics (14,3) | 29.48 | NEUTRAL | The Stochastics value for ECH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for ECH suggests low volalility. |
| Average Directional Index/ADX (14) | 17.65 | NEGATIVE | The low ADX value for ECH suggests a weak or negative trend. |
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)
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 |
|---|---|---|---|
| 33.45 | 32.72 | 0.73 (2.18%) | 25.00% |
| An entry @33.45. This is a Buy Stop order right above the 10 day moving average. | An exit @32.72. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.73 points, which is 2.18%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.54%. |
- The distance between exit and entry is rather small compared to the average daily movement of ECH. 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.
32.85
-0.32 (-0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.96%
1 Week-1.94%
2 Weeks-2.81%
1 Month0.12%
3 Month3.24%
6 Month16.53%
12 Month23.87%
2 Year25.43%
3 Year36.88%
5 Year36.36%
10 Year-0.33%
15 Year-55.62%
Volatility
ATR(14)0.6
ATR(20)%1.82%
ATR Inc-24.32%
Range Today0.63
ADR(20)0.55
ADR(20)%1.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.34
Mansfield0.1
10 Day High34.07
10 Day Low32.73
20 Day High34.11
20 Day Low32.27
52 Week High34.11
52 Week Low24.43
CS1 End32.44
CR1 Start33.36
Volume & EV
DER(3)4.32%
DER(5)-0.45%
Volume627.72K
Volume Incr79.43%
Vol(5)647.08K
Vol(50)415.67K