We assign a technical rating of 8 out of 10 to EWG. EWG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although EWG has an excellent technical rating, it does not present a decent entry opportunity 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
33.83
3 important support areas can be observed.
- A support zone ranging from 40.68 to 41.43. 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 39.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.17 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 | 80.35 | POSITIVE | EWG has a high relative strength, it outperformed 80.35% 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) | DOWN | MIXED | The current price of EWG is above a declining 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) | 63.46 | NEUTRAL | The RSI value for EWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests EWG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.31 | OVERBOUGHT | The high Stochastics value suggests EWG may be overbought. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for EWG suggests low volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for EWG suggests a weak or negative trend. |
42.18
-0.21 (-0.5%)
ISHARES MSCI GERMANY ETF / EWG FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI GERMANY ETF?
ChartMill assigns a technical rating of 8 / 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 63.4605. 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 0.242177, indicating a bearish trend.
What is the support and resistance level for EWG stock?
ISHARES MSCI GERMANY ETF (EWG) has a support level at 41.43 and a resistance level at 42.52. Check the full technical report for our detailed analysis of EWG support and resistance levels.