Overall EWP gets a technical rating of 9 out of 10. Both in the recent history as in the last year, EWP has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although EWP has an excellent technical rating, it does not offer a high quality setup 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
32.62
3 important support areas can be observed.
- A support zone ranging from 49.24 to 50.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.25 to 48.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.95 from a trend line in the weekly 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 EWP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWP is neutral. |
| ChartMill Relative Strength | 90.29 | POSITIVE | EWP has a high relative strength, it outperformed 90.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.16 | NEUTRAL | The RSI value for EWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests EWP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.26 | NEUTRAL | The Stochastics value for EWP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for EWP suggests low volalility. |
| Average Directional Index/ADX (14) | 16.57 | NEGATIVE | The low ADX value for EWP suggests a weak or negative trend. |
51.59
+0.75 (+1.48%)
ISHARES MSCI SPAIN ETF / EWP FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI SPAIN ETF?
ChartMill assigns a technical rating of 9 / 10 to EWP.
Can you provide the trend direction for ISHARES MSCI SPAIN ETF?
The current trend direction for ISHARES MSCI SPAIN ETF (EWP) is Bullish.
Can you provide the RSI signal for ISHARES MSCI SPAIN ETF?
ISHARES MSCI SPAIN ETF (EWP) has an RSI value of 60.162. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ISHARES MSCI SPAIN ETF?
The MACD indicator for ISHARES MSCI SPAIN ETF (EWP) has a value of -0.0690885, indicating a bearish trend.
What is the support and resistance level for EWP stock?
ISHARES MSCI SPAIN ETF (EWP) has a support level at 50.67. Check the full technical report for our detailed analysis of EWP support and resistance levels.