ISHARES MSCI ITALY ETF (EWI) Stock Technical Analysis
NYSEARCA:EWI - NYSE Arca - US46434G8309 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to EWI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EWI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EWI did better than 84% of all other stocks. On top of that, EWI also shows a nice and consistent pattern of rising prices.
EWI is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EWI is leading the market.
In the last month EWI has a been trading in the 45.30 - 48.37 range, which is quite wide. It is currently trading near the high of this range.
Although EWI has an excellent technical rating, the quality of the presented setup is not ideal 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
35.37
48.81
We found 4 important support areas.
- A support zone ranging from 46.95 to 48.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.22 from a trend line in the weekly time frame.
- A support zone ranging from 37.72 to 38.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.73 to 35.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 48.31 to 48.33. 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 EWI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWI is up. |
| ChartMill Relative Strength | 84.62 | POSITIVE | EWI has a high relative strength, it outperformed 84.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.95 | NEUTRAL | The RSI value for EWI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EWI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.06 | OVERBOUGHT | The high Stochastics value suggests EWI may be overbought. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for EWI suggests low volalility. |
| Average Directional Index/ADX (14) | 34.03 | POSITIVE | The high ADX value value for EWI suggests a strong 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 |
|---|---|---|---|
| 48.34 | 46.60 | 1.74 (3.60%) | 25.00% |
| An entry @48.34. This is a Buy Stop order right above the resistance zone. | An exit @46.60. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.74 points, which is 3.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.90%. |
- 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.
48.3
+0.32 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.67%
1 Week1.11%
2 Weeks1.6%
1 Month6.48%
3 Month12.72%
6 Month27.91%
12 Month25.36%
2 Year51.74%
3 Year100.58%
5 Year100.58%
10 Year62.19%
15 Year75%
Volatility
ATR(14)0.53
ATR(20)%1.03%
ATR Inc-7.65%
Range Today0.26
ADR(20)0.36
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
CRS84.62
Mansfield1.7
10 Day High48.37
10 Day Low46.61
20 Day High48.37
20 Day Low45.31
52 Week High48.37
52 Week Low34.58
CS1 End48.29
CR1 Start48.31
Volume & EV
DER(3)4.11%
DER(5)4.36%
Volume97.60K
Volume Incr6.57%
Vol(5)408.90K
Vol(50)549.03K