ISHARES MSCI NETHERLANDS ETF (EWN) Stock Technical Analysis
USA - NYSEARCA:EWN - US4642868149 - ETF
56.64 USD
-1.25 (-2.16%)
59.62 USD
+2.98 (+5.26%)
We assign a technical rating of 7 out of 10 to EWN. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EWN 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!
EWN 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 EWN is lagging the market slightly.
Looking at the yearly performance, EWN did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month EWN has a been trading in the 55.12 - 59.92 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although EWN 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
50.33
60.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 54.76 to 55.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.89 from a horizontal line in the daily time frame.
- A support zone ranging from 50.84 to 50.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.63 to 59.69. 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 EWN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWN is neutral. |
| ChartMill Relative Strength | 70.52 | POSITIVE | EWN has a high relative strength, it outperformed 70.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EWN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.03 | NEUTRAL | The RSI value for EWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests EWN has a negative trend. |
| Stochastics (14,3) | 30.93 | NEUTRAL | The Stochastics value for EWN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for EWN suggests low volalility. |
| Average Directional Index/ADX (14) | 34.2 | POSITIVE | The high ADX value value for EWN suggests a strong 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)
56.64
-1.25 (-2.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.16%
1 Week-5%
2 Weeks-0.84%
1 Month3.62%
3 Month4.1%
6 Month23.64%
12 Month13.14%
2 Year51.24%
3 Year72.95%
5 Year66.78%
10 Year126.56%
15 Year171.66%
Volatility
ATR(14)0.65
ATR(20)%1.17%
ATR Inc75.55%
Range Today1.38
ADR(20)0.5
ADR(20)%0.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.52
Mansfield0.45
10 Day High59.92
10 Day Low56.57
20 Day High59.92
20 Day Low55.12
52 Week High59.92
52 Week Low41.4
CS1 End55.39
CR1 Start59.63
Volume & EV
DER(3)-0.03%
DER(5)-1.88%
Volume29.94K
Volume Incr-78.31%
Vol(5)16.57K
Vol(50)45.31K