Taking everything into account, EWJ scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EWJ is showing a nice and steady performance.
Although EWJ 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
70.97
We found 3 important support areas.
- A support zone ranging from 80.15 to 82.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @77.93 from a horizontal line in the daily time frame.
- A support zone ranging from 71.69 to 71.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 83.27 to 84.87. 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 EWJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWJ is up. |
| ChartMill Relative Strength | 75.87 | POSITIVE | EWJ has a high relative strength, it outperformed 75.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EWJ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.43 | NEUTRAL | The RSI value for EWJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests EWJ has a positive trend. |
| Stochastics (14,3) | 81.87 | OVERBOUGHT | The high Stochastics value suggests EWJ may be overbought. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for EWJ suggests low volalility. |
| Average Directional Index/ADX (14) | 16.37 | NEGATIVE | The low ADX value for EWJ suggests a weak or negative trend. |
82.92
-0.15 (-0.18%)
ISHARES MSCI JAPAN ETF / EWJ FAQ
What is the ChartMill technical rating of ISHARES MSCI JAPAN ETF (EWJ) stock?
ChartMill assigns a technical rating of 8 / 10 to EWJ.
What is the trend direction for EWJ stock?
The current trend direction for ISHARES MSCI JAPAN ETF (EWJ) is Bullish.
What is the RSI signal for EWJ stock?
ISHARES MSCI JAPAN ETF (EWJ) has an RSI value of 56.43. This indicates that the stock is currently neutral.
What is the MACD signal for EWJ stock?
The MACD indicator for ISHARES MSCI JAPAN ETF (EWJ) has a value of 0.23192, indicating a bearish trend.
What is the short term momentum for ISHARES MSCI JAPAN ETF (EWJ) stock?
The short term momentum for ISHARES MSCI JAPAN ETF (EWJ) is positive.