ISHARES MSCI SWEDEN ETF (EWD) Stock Technical Analysis
NYSEARCA:EWD - NYSE Arca - US4642867562 - ETF - Currency: USD
Overall EWD gets a technical rating of 6 out of 10. EWD has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
EWD is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EWD is performing more or less in line with the market.
EWD 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.
When compared to the yearly performance of all other stocks, EWD outperforms 67% of them, which is more or less in line with the market.
In the last month EWD has a been trading in a tight range between 44.56 and 46.54.
EWD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 45.48, a Stop Loss order could be placed below this zone.
More info and screens
36.05
46.82
4 important support areas can be observed.
- A support zone ranging from 45.08 to 45.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.15 from a trend line in the weekly time frame.
- A support zone ranging from 37.37 to 38.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.41 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 45.72 to 46.36. 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 EWD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWD is neutral. |
| ChartMill Relative Strength | 67.45 | NEUTRAL | EWD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.8 | NEUTRAL | The RSI value for EWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests EWD has a negative trend. |
| Stochastics (14,3) | 64.61 | NEUTRAL | The Stochastics value for EWD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.24 | LOW VOLATILITY | The low ATR as a percentage value for EWD suggests low volalility. |
| Average Directional Index/ADX (14) | 14.36 | NEGATIVE | The low ADX value for EWD 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 |
|---|---|---|---|
| 45.84 | 45.07 | 0.77 (1.68%) | 25.00% |
| An entry @45.84. This is a Buy Stop order right above the 10 day moving average. | An exit @45.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.77 points, which is 1.68%. | For a 0.42% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
45.49
-0.53 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.15%
1 Week-1.41%
2 Weeks0.09%
1 Month-0.28%
3 Month2.11%
6 Month16.76%
12 Month13.05%
2 Year28.43%
3 Year49.39%
5 Year46.41%
10 Year43.19%
15 Year99.26%
Volatility
ATR(14)0.5
ATR(20)%1.24%
ATR Inc11.72%
Range Today0.6
ADR(20)0.45
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.45
Mansfield0.53
10 Day High46.4
10 Day Low44.84
20 Day High46.54
20 Day Low44.56
52 Week High46.54
52 Week Low36.5
CS1 End45.48
CR1 Start45.72
Volume & EV
DER(3)0.55%
DER(5)0.02%
Volume390.00K
Volume Incr61.36%
Vol(5)179.72K
Vol(50)164.76K