ISHARES MSCI GERMANY ETF (EWG) Stock Technical Analysis
NYSEARCA:EWG - NYSE Arca - US4642868065 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to EWG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that EWG is one of the better performing stocks in the market, outperforming 82% of all stocks. On top of that, EWG also shows a nice and consistent pattern of rising prices.
EWG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EWG is lagging the market slightly.
In the last month EWG has a been trading in the 40.51 - 43.23 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
EWG has an average volume of 2627660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, EWG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 41.67, a Stop Loss order could be placed below this zone.
More info and screens
34.67
43.70
We found 4 important support areas.
- A support zone ranging from 41.32 to 41.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.27 to 40.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.19 from a trend line in the weekly time frame.
- A support zone ranging from 35.02 to 35.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 41.97 to 43.27. 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 | NEUTRAL | NEUTRAL | The short term trend for EWG is neutral. |
| ChartMill Relative Strength | 82.05 | POSITIVE | EWG has a high relative strength, it outperformed 82.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EWG is below 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) | 50.08 | NEUTRAL | The RSI value for EWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EWG has a positive trend. |
| Stochastics (14,3) | 62.37 | NEUTRAL | The Stochastics value for EWG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for EWG suggests low volalility. |
| Average Directional Index/ADX (14) | 13.58 | NEGATIVE | The low ADX value for EWG 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 |
|---|---|---|---|
| 42.56 | 41.31 | 1.25 (2.94%) | 25.00% |
| An entry @42.56. This is a Buy Stop order right above the 10 day high. | An exit @41.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.25 points, which is 2.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%. |
- 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.
41.94
-0.4 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.94%
1 Week1.55%
2 Weeks0.65%
1 Month-0.97%
3 Month2.67%
6 Month15.16%
12 Month33.57%
2 Year50.21%
3 Year92.03%
5 Year39.34%
10 Year59.23%
15 Year117.19%
Volatility
ATR(14)0.57
ATR(20)%1.27%
ATR Inc-30.73%
Range Today0.2
ADR(20)0.4
ADR(20)%0.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.05
Mansfield0.61
10 Day High42.55
10 Day Low40.51
20 Day High43.23
20 Day Low40.51
52 Week High43.31
52 Week Low31.03
CS1 End41.67
CR1 Start41.97
Volume & EV
DER(3)1.71%
DER(5)-0.26%
Volume937.60K
Volume Incr-32.93%
Vol(5)1.64M
Vol(50)2.63M