ISHARES MSCI ITALY ETF (EWI) Stock Technical Analysis
USA - NYSEARCA:EWI - US46434G8309 - ETF
50.31 USD
-0.82 (-1.6%)
50.44 USD
+0.13 (+0.26%)
Overall EWI gets a technical rating of 8 out of 10. In the last year, EWI was one of the better performers, but we do observe some doubts in the very recent evolution.
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 EWI is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, EWI also shows a nice and consistent pattern of rising prices.
EWI 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 EWI is lagging the market slightly.
In the last month EWI has a been trading in a tight range between 50.30 and 52.68.
Although EWI has an excellent technical rating, it does not offer a high quality setup 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
35.61
53.15
4 important support areas can be observed.
- A support zone ranging from 50.30 to 50.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.69 from a trend line in the weekly time frame.
- Support @37.51 from a trend line in the weekly time frame.
- Support @35.97 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 50.31 to 52.62. 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 EWI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWI is neutral. |
| ChartMill Relative Strength | 81.85 | POSITIVE | EWI has a high relative strength, it outperformed 81.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EWI is below 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) | 39.19 | NEUTRAL | The RSI value for EWI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests EWI has a negative trend. |
| Stochastics (14,3) | 34.05 | NEUTRAL | The Stochastics value for EWI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for EWI suggests low volalility. |
| Average Directional Index/ADX (14) | 18.04 | NEGATIVE | The low ADX value for EWI 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)
50.31
-0.82 (-1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.6%
1 Week-4.37%
2 Weeks-2.39%
1 Month-2.73%
3 Month4.83%
6 Month24.13%
12 Month31.25%
2 Year68.26%
3 Year108.93%
5 Year120.56%
10 Year69.85%
15 Year40.45%
Volatility
ATR(14)0.53
ATR(20)%1.05%
ATR Inc146.54%
Range Today0.84
ADR(20)0.39
ADR(20)%0.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.85
Mansfield0.6
10 Day High52.68
10 Day Low50.3
20 Day High52.68
20 Day Low50.3
52 Week High52.68
52 Week Low35.2
CS1 End50.3
CR1 Start50.31
Volume & EV
DER(3)4.18%
DER(5)3.14%
Volume726.60K
Volume Incr-22.96%
Vol(5)368.56K
Vol(50)418.76K