ISHARES MSCI GERMANY ETF (EWG) Stock Technical Analysis
NYSEARCA:EWG - NYSE Arca - US4642868065 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to EWG. Both in the recent history as in the last year, EWG has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that EWG is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, EWG also shows a nice and consistent pattern of rising prices.
EWG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EWG is leading the market.
EWG has an average volume of 3468670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month EWG has a been trading in a tight range between 40.65 and 42.87.
Although EWG 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
31.29
43.01
We found 4 important support areas.
- A support zone ranging from 41.50 to 41.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.36 from a trend line in the weekly time frame.
- A support zone ranging from 33.94 to 34.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.61 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 41.95 to 42.58. 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 EWG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWG is up. |
| ChartMill Relative Strength | 87.47 | POSITIVE | EWG has a high relative strength, it outperformed 87.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EWG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.38 | NEUTRAL | The RSI value for EWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests EWG has a negative trend. |
| Stochastics (14,3) | 45.04 | NEUTRAL | The Stochastics value for EWG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for EWG suggests low volalility. |
| Average Directional Index/ADX (14) | 24.9 | NEUTRAL | The ADX value for EWG suggests a possible start of a new 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)
41.51
-0.71 (-1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.68%
1 Week-2.38%
2 Weeks-1.1%
1 Month1.59%
3 Month7.48%
6 Month25.33%
12 Month38.32%
2 Year45.29%
3 Year80.4%
5 Year53.12%
10 Year48.89%
15 Year121.86%
Volatility
ATR(14)0.49
ATR(20)%1.15%
ATR Inc23.11%
Range Today0.42
ADR(20)0.34
ADR(20)%0.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.47
Mansfield1.53
10 Day High42.87
10 Day Low41.37
20 Day High42.87
20 Day Low40.65
52 Week High42.87
52 Week Low29.28
CS1 End41.5
CR1 Start41.95
Volume & EV
DER(3)0.44%
DER(5)1.62%
Volume5.47M
Volume Incr51.23%
Vol(5)4.04M
Vol(50)3.47M