ISHARES MSCI JAPAN ETF (EWJ) Stock Technical Analysis
NYSEARCA:EWJ - NYSE Arca - US46434G8226 - ETF - Currency: USD
Taking everything into account, EWJ scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EWJ is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
EWJ is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month EWJ has a been trading in the 71.52 - 76.59 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
EWJ has an average volume of 5249700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, EWJ outperforms 59% of them, which is more or less in line with the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EWJ has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
61.68
77.27
We found 2 important support areas.
- A support zone ranging from 71.45 to 73.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.30 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 76.50 to 76.50. 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 | NEUTRAL | NEUTRAL | The short term trend for EWJ is neutral. |
| ChartMill Relative Strength | 59.27 | NEUTRAL | EWJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWJ is above the rising 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) | 67.03 | NEUTRAL | The RSI value for EWJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests EWJ has a positive trend. |
| Stochastics (14,3) | 58.66 | NEUTRAL | The Stochastics value for EWJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for EWJ suggests low volalility. |
| Average Directional Index/ADX (14) | 15.9 | NEGATIVE | The low ADX value for EWJ 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)
76.49
+3.51 (+4.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.81%
1 Week6.21%
2 Weeks4.35%
1 Month5.16%
3 Month8.08%
6 Month11.7%
12 Month11.36%
2 Year20.61%
3 Year36.22%
5 Year40.79%
10 Year47.89%
15 Year98.57%
Volatility
ATR(14)0.9
ATR(20)%1.15%
ATR Inc198.67%
Range Today0.51
ADR(20)0.45
ADR(20)%0.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.27
Mansfield0.02
10 Day High76.59
10 Day Low71.52
20 Day High76.59
20 Day Low71.52
52 Week High76.59
52 Week Low59.84
CS1 End73.36
CR1 Start76.5
Volume & EV
DER(3)-2.14%
DER(5)0.16%
Volume19.57M
Volume Incr70.53%
Vol(5)8.58M
Vol(50)5.25M