ISHARES MSCI JAPAN ETF (EWJ) Stock Technical Analysis
USA - NYSEARCA:EWJ - US46434G8226 - ETF
78.36 USD
-3.19 (-3.91%)
78.03 USD
-0.33 (-0.42%)
Overall EWJ gets a technical rating of 6 out of 10. In the last year, EWJ was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month EWJ has a been trading in the 78.20 - 83.60 range, which is quite wide. It is currently trading near the lows of this range.
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 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 5850580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that EWJ is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Volume is considerably higher in the last couple of days.
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 downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
70.74
84.10
When analyzing the support we can see 2 important areas.
- Support @73.39 from a horizontal line in the daily time frame.
- A support zone ranging from 71.45 to 71.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 80.97 to 81.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @83.27 from a horizontal line in the daily 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 EWJ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWJ is neutral. |
| ChartMill Relative Strength | 72.15 | POSITIVE | EWJ has a high relative strength, it outperformed 72.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWJ is below a declining 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) | 38.99 | NEUTRAL | The RSI value for EWJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests EWJ has a negative trend. |
| Stochastics (14,3) | 33.37 | NEUTRAL | The Stochastics value for EWJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for EWJ suggests low volalility. |
| Average Directional Index/ADX (14) | 21.93 | NEUTRAL | The ADX value for EWJ suggests a possible start of a new 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)
78.36
-3.19 (-3.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.91%
1 Week-4.18%
2 Weeks-2.59%
1 Month-2.97%
3 Month8.29%
6 Month19.05%
12 Month10.29%
2 Year32.9%
3 Year56.75%
5 Year34.55%
10 Year59.01%
15 Year95.51%
Volatility
ATR(14)0.98
ATR(20)%1.13%
ATR Inc161.11%
Range Today1.86
ADR(20)0.58
ADR(20)%0.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.15
Mansfield0.02
10 Day High83.6
10 Day Low78.21
20 Day High83.6
20 Day Low78.21
52 Week High83.6
52 Week Low59.84
CS1 End73.39
CR1 Start80.97
Volume & EV
DER(3)0.21%
DER(5)-0.82%
Volume11.31M
Volume Incr46.23%
Vol(5)8.45M
Vol(50)5.85M