ISHARES MSCI CANADA ETF (EWC) Stock Technical Analysis
USA - NYSEARCA:EWC - US4642865095 - ETF
51.24 USD
+0.65 (+1.28%)
51.24 USD
0 (0%)
Overall EWC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EWC is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
EWC is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
EWC has an average volume of 2105180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, EWC did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month EWC has a been trading in a tight range between 49.02 and 51.26.
Although EWC has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
39.23
51.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 50.18 to 50.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 45.85 to 45.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @45.10 from a horizontal line in the daily time frame.
- Support @39.63 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 51.25 to 51.25. 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 | 77.08 | POSITIVE | EWC has a high relative strength, it outperformed 77.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWC is above the rising 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) | 72.87 | OVERBOUGHT | The high RSI value suggests EWC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EWC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 76.91 | NEUTRAL | The Stochastics value for EWC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for EWC suggests low volalility. |
| Average Directional Index/ADX (14) | 44.51 | POSITIVE | The high ADX value value for EWC suggests a strong 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)
51.24
+0.65 (+1.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.28%
1 Week2.44%
2 Weeks1.01%
1 Month4.21%
3 Month9.79%
6 Month33.4%
12 Month22.97%
2 Year61.44%
3 Year55.13%
5 Year93.58%
10 Year115.29%
15 Year77.18%
Volatility
ATR(14)0.49
ATR(20)%0.92%
ATR Inc36.76%
Range Today0.57
ADR(20)0.44
ADR(20)%0.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.08
Mansfield0.51
10 Day High51.26
10 Day Low49.76
20 Day High51.26
20 Day Low49.03
52 Week High51.26
52 Week Low36.7
CS1 End50.7
CR1 Start51.25
Volume & EV
DER(3)-3.85%
DER(5)-3.17%
Volume2.84M
Volume Incr2.23%
Vol(5)1.83M
Vol(50)2.11M