ISHARES MSCI CANADA ETF (EWC) Stock Technical Analysis
USA - NYSEARCA:EWC - US4642865095 - ETF
We assign a technical rating of 8 out of 10 to EWC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EWC is showing a nice and steady performance.
EWC 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 50.67, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
39.41
When analyzing the support we can see 3 important areas.
- A support zone ranging from 49.43 to 50.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.85 to 46.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.81 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.75 to 51.42. 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 EWC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWC is up. |
| ChartMill Relative Strength | 76.88 | POSITIVE | EWC has a high relative strength, it outperformed 76.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EWC is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.14 | NEUTRAL | The RSI value for EWC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EWC has a negative trend. |
| Stochastics (14,3) | 56.06 | NEUTRAL | The Stochastics value for EWC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for EWC suggests low volalility. |
| Average Directional Index/ADX (14) | 18.56 | NEGATIVE | The low ADX value for EWC suggests a weak or negative 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 |
|---|---|---|---|
| 51.43 | 49.84 | 1.59 (3.09%) | 25.00% |
| An entry @51.43. This is a Buy Stop order right above the resistance zone. | An exit @49.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.59 points, which is 3.09%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- 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.
50.74
+0.07 (+0.14%)
ISHARES MSCI CANADA ETF / EWC FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI CANADA ETF?
ChartMill assigns a technical rating of 8 / 10 to EWC.
What is the current trend direction of ISHARES MSCI CANADA ETF (EWC) stock?
The current trend direction for ISHARES MSCI CANADA ETF (EWC) is Bullish.
Can you provide the RSI signal for ISHARES MSCI CANADA ETF?
ISHARES MSCI CANADA ETF (EWC) has an RSI value of 53.1421. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ISHARES MSCI CANADA ETF?
The buy/sell signal for ISHARES MSCI CANADA ETF (EWC) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ISHARES MSCI CANADA ETF?
ISHARES MSCI CANADA ETF (EWC) has a support level at 50.67 and a resistance level at 50.75. Check the full technical report for our detailed analysis of EWC support and resistance levels.