ISHARES MSCI NORWAY ETF (ENOR) Technical Analysis
NYSEARCA:ENOR • US46429B4995
Overall ENOR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ENOR is showing a nice and steady performance.
- Warning: ENOR has an average volume of 26400 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ENOR is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by ENOR over the past year are nicely spread over this period.
- ENOR is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ENOR is leading the market.
- ENOR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Besides having an excellent technical rating, ENOR also presents 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 34.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 34.57, a Stop Loss order could be placed below this zone.
More info and screens
26.83
5 important support areas can be observed.
- A support zone ranging from 34.02 to 34.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.25 from a horizontal line in the daily time frame.
- Support @28.76 from a trend line in the weekly time frame.
- Support @28.20 from a horizontal line in the daily time frame.
- A support zone ranging from 27.10 to 27.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.87 to 34.99. This zone is formed by a combination of multiple trend lines 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 ENOR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENOR is up. |
| ChartMill Relative Strength | 87.83 | POSITIVE | ENOR has a high relative strength, it outperformed 87.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENOR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENOR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ENOR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.26 | NEUTRAL | The RSI value for ENOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests ENOR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.33 | NEUTRAL | The Stochastics value for ENOR is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for ENOR suggests low volalility. |
| Average Directional Index/ADX (14) | 32.4 | POSITIVE | The high ADX value value for ENOR suggests a strong 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 |
|---|---|---|---|
| 35.00 | 34.01 | 0.99 (2.83%) | 25.00% |
| An entry @35.00. This is a Buy Stop order right above the resistance zone. | An exit @34.01. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.99 points, which is 2.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.71%. |
- The distance between exit and entry is rather small compared to the average daily movement of ENOR. 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.
ENOR Technicals: Chart, Performance Metrics, Trend & Indicators
34.86
+0.01 (+0.03%)
ISHARES MSCI NORWAY ETF / ENOR FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI NORWAY ETF?
ChartMill assigns a technical rating of 10 / 10 to ENOR.
Can you provide the trend direction for ISHARES MSCI NORWAY ETF?
The current trend direction for ISHARES MSCI NORWAY ETF (ENOR) is Bullish.
What is the RSI signal for ENOR stock?
ISHARES MSCI NORWAY ETF (ENOR) has an RSI value of 65.2641. This indicates that the stock is currently neutral.
What is the short term momentum for ENOR stock?
The short term momentum for ISHARES MSCI NORWAY ETF (ENOR) is positive.
Can you provide the buy/sell signal for ISHARES MSCI NORWAY ETF?
The buy/sell signal for ISHARES MSCI NORWAY ETF (ENOR) is buy as both the short term and long term trends are positive.