ISHARES MSCI GERMANY ETF (EWG) Stock Technical Analysis
USA - NYSEARCA:EWG - US4642868065 - ETF
41.52 USD
-0.57 (-1.35%)
41.3 USD
-0.22 (-0.53%)
Overall EWG gets a technical rating of 7 out of 10. 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.
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 75% 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.
EWG has an average volume of 2216030 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 40.53 and 42.61.
Although EWG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
33.35
43.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 40.34 to 41.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @35.06 from a trend line in the weekly time frame.
- Support @33.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.62 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 | 75.41 | POSITIVE | EWG has a high relative strength, it outperformed 75.41% 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 | 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) | 46.51 | NEUTRAL | The RSI value for EWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EWG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.79 | NEUTRAL | The Stochastics value for EWG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.96 | LOW VOLATILITY | The low ATR as a percentage value for EWG suggests low volalility. |
| Average Directional Index/ADX (14) | 14.78 | 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)
41.52
-0.57 (-1.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.35%
1 Week-2.14%
2 Weeks0.78%
1 Month0.51%
3 Month-2.19%
6 Month14.16%
12 Month25.1%
2 Year64.89%
3 Year90.28%
5 Year57.99%
10 Year53.15%
15 Year74.23%
Volatility
ATR(14)0.4
ATR(20)%0.96%
ATR Inc88.69%
Range Today0.75
ADR(20)0.31
ADR(20)%0.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.41
Mansfield0.09
10 Day High42.61
10 Day Low41.2
20 Day High42.61
20 Day Low40.53
52 Week High43.31
52 Week Low31.03
CS1 End41.46
CR1 Start41.62
Volume & EV
DER(3)-7.1%
DER(5)-4.14%
Volume2.64M
Volume Incr-19.62%
Vol(5)2.12M
Vol(50)2.22M