We assign a technical rating of 10 out of 10 to EWD. Both in the recent history as in the last year, EWD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although EWD has an excellent technical rating, the quality of the presented setup is not ideal 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
37.90
4 important support areas can be observed.
- A support zone ranging from 47.13 to 49.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.37 to 46.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.63 from a horizontal line in the daily time frame.
- Support @38.28 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.79 to 50.88. 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 EWD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWD is up. |
| ChartMill Relative Strength | 80.7 | POSITIVE | EWD has a high relative strength, it outperformed 80.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWD is above the rising 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) | 63.76 | NEUTRAL | The RSI value for EWD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests EWD has a positive trend. |
| Stochastics (14,3) | 87.4 | OVERBOUGHT | The high Stochastics value suggests EWD may be overbought. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for EWD suggests low volalility. |
| Average Directional Index/ADX (14) | 20.17 | NEUTRAL | The ADX value for EWD suggests a possible start of a new trend. |
50.78
+0.5 (+0.99%)
ISHARES MSCI SWEDEN ETF / EWD FAQ
What is the technical rating for EWD stock?
ChartMill assigns a technical rating of 10 / 10 to EWD.
Can you provide the trend direction for ISHARES MSCI SWEDEN ETF?
The current trend direction for ISHARES MSCI SWEDEN ETF (EWD) is Bullish.
What is the RSI signal for EWD stock?
ISHARES MSCI SWEDEN ETF (EWD) has an RSI value of 63.7563. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ISHARES MSCI SWEDEN ETF?
The short term momentum for ISHARES MSCI SWEDEN ETF (EWD) is positive.
Can you provide the buy/sell signal for ISHARES MSCI SWEDEN ETF?
The buy/sell signal for ISHARES MSCI SWEDEN ETF (EWD) is buy as both the short term and long term trends are positive.