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 may just continue or reversal may be around the corner!
EWJ 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 EWJ is lagging the market slightly.
EWJ has an average volume of 4901260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, EWJ turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
In the last month EWJ has a been trading in a tight range between 71.52 and 75.50.
EWJ has an average technical rating and the quality of the presented setup is also 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
61.68
76.03
2 important support areas can be observed.
- A support zone ranging from 71.45 to 72.46. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 75.04 to 75.28. 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 | 48.68 | NEUTRAL | EWJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EWJ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EWJ is below 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) | 50.63 | NEUTRAL | The RSI value for EWJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EWJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.81 | NEUTRAL | The Stochastics value for EWJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for EWJ suggests low volalility. |
| Average Directional Index/ADX (14) | 14.51 | 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)
72.98
+0.37 (+0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.51%
1 Week1.8%
2 Weeks-0.29%
1 Month1.33%
3 Month3.12%
6 Month6.57%
12 Month6.25%
2 Year15.07%
3 Year29.97%
5 Year34.33%
10 Year41.11%
15 Year89.46%
Volatility
ATR(14)0.67
ATR(20)%1.01%
ATR Inc26.51%
Range Today0.3
ADR(20)0.44
ADR(20)%0.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.68
Mansfield-0.35
10 Day High73.33
10 Day Low71.52
20 Day High75.5
20 Day Low71.52
52 Week High75.5
52 Week Low59.84
CS1 End72.46
CR1 Start75.04
Volume & EV
DER(3)0.87%
DER(5)-0.34%
Volume9.15M
Volume Incr28.93%
Vol(5)6.19M
Vol(50)4.90M