Overall EWG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EWG is showing a nice and steady performance.
Besides having an excellent technical rating, EWG also presents 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 resistance zone just above the current price starting at 42.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.92, a Stop Loss order could be placed below this zone.
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34.47
3 important support areas can be observed.
- A support zone ranging from 41.11 to 41.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 38.88 to 40.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.82 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.52 to 43.27. 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 EWG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWG is up. |
| ChartMill Relative Strength | 81.14 | POSITIVE | EWG has a high relative strength, it outperformed 81.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWG is above 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) | 60.11 | NEUTRAL | The RSI value for EWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests EWG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.82 | NEUTRAL | The Stochastics value for EWG is a neutral value. |
| Average True Range in percent/ATR (20) | 1 | LOW VOLATILITY | The low ATR as a percentage value for EWG suggests low volalility. |
| Average Directional Index/ADX (14) | 18.09 | NEGATIVE | The low ADX value for EWG suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 42.49 | 41.24 | 1.25 (2.93%) | 25.00% |
| An entry @42.49. This is a Buy Stop order right above the 10 day high. | An exit @41.24. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.25 points, which is 2.93%. | 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.
42.1
+0.16 (+0.38%)
ISHARES MSCI GERMANY ETF / EWG FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI GERMANY ETF?
ChartMill assigns a technical rating of 10 / 10 to EWG.
What is the current trend direction of ISHARES MSCI GERMANY ETF (EWG) stock?
The current trend direction for ISHARES MSCI GERMANY ETF (EWG) is Bullish.
What is the RSI signal for EWG stock?
ISHARES MSCI GERMANY ETF (EWG) has an RSI value of 60.1133. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES MSCI GERMANY ETF (EWG) stock?
The MACD indicator for ISHARES MSCI GERMANY ETF (EWG) has a value of 0.0916375, indicating a bearish trend.
What is the support and resistance level for EWG stock?
ISHARES MSCI GERMANY ETF (EWG) has a support level at 41.92 and a resistance level at 42.52. Check the full technical report for our detailed analysis of EWG support and resistance levels.