Overall EWI gets a technical rating of 10 out of 10. Both in the recent history as in the last year, EWI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although EWI 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.
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35.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 51.26 to 52.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 50.30 to 50.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.83 from a trend line in the weekly time frame.
- Support @35.97 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @53.21 from a horizontal line in the weekly time frame.
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 | 87.02 | POSITIVE | EWI has a high relative strength, it outperformed 87.02% 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) | 57.03 | NEUTRAL | The RSI value for EWI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EWI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.81 | NEUTRAL | The Stochastics value for EWI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for EWI suggests low volalility. |
| Average Directional Index/ADX (14) | 16.07 | NEGATIVE | The low ADX value for EWI suggests a weak or negative trend. |
52.93
+0.39 (+0.74%)
ISHARES MSCI ITALY ETF / EWI FAQ
What is the technical rating for EWI stock?
ChartMill assigns a technical rating of 10 / 10 to EWI.
Can you provide the trend direction for ISHARES MSCI ITALY ETF?
The current trend direction for ISHARES MSCI ITALY ETF (EWI) is Bullish.
What is the RSI signal for EWI stock?
ISHARES MSCI ITALY ETF (EWI) has an RSI value of 57.0296. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ISHARES MSCI ITALY ETF?
The short term momentum for ISHARES MSCI ITALY ETF (EWI) is positive.
Can you provide the buy/sell signal for ISHARES MSCI ITALY ETF?
The buy/sell signal for ISHARES MSCI ITALY ETF (EWI) is buy as both the short term and long term trends are positive.