ISHARES MSCI SPAIN ETF (EWP) Technical Analysis
NYSEARCA:EWP • US4642867646
Current stock price
EWP Technical Rating and Analysis
Taking everything into account, EWP scores 9 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that EWP is one of the better performing stocks in the market, outperforming 76% of all stocks. We also observe that the gains produced by EWP over the past year are nicely spread over this period.
- EWP 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 EWP is lagging the market slightly.
- In the last month EWP has a been trading in the 51.80 - 58.99 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
EWP Weekly and Daily overview Charts
EWP Setup Rating and Analysis
EWP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
EWP Support and Resistance Analysis
48.75
We found 4 important support areas.
- A support zone ranging from 55.19 to 55.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.67 to 53.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 51.62 to 51.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.24 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.51 to 58.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
EWP Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for EWP is up. |
| ChartMill Relative Strength | 76.44 | POSITIVE | EWP has a high relative strength, it outperformed 76.44% 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) | DOWN | MIXED | The current price of EWP is above a declining 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) | 54.8 | NEUTRAL | The RSI value for EWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests EWP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.81 | NEUTRAL | The Stochastics value for EWP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for EWP suggests low volalility. |
| Average Directional Index/ADX (14) | 12.95 | NEGATIVE | The low ADX value for EWP suggests a weak or negative trend. |
EWP Chart- and CandleStick Pattern Analysis
EWP Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 57.59 | 56.51 | 1.08 (1.87%) | 25.00% |
| An entry @57.59. This is a Buy Stop order right above the 10 day moving average. | An exit @56.51. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.08 points, which is 1.87%. | For a 0.47% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EWP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EWP Technicals: Chart, Performance Metrics, Trend & Indicators
56.78
+0.01 (+0.02%)
ISHARES MSCI SPAIN ETF / EWP TA FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI SPAIN ETF?
ChartMill assigns a technical rating of 9 / 10 to EWP.
What is the trend direction for EWP stock?
The current trend direction for ISHARES MSCI SPAIN ETF (EWP) is Bullish.
What is the RSI signal for EWP stock?
ISHARES MSCI SPAIN ETF (EWP) has an RSI value of 54.8008. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for ISHARES MSCI SPAIN ETF?
The buy/sell signal for ISHARES MSCI SPAIN ETF (EWP) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for ISHARES MSCI SPAIN ETF?
ISHARES MSCI SPAIN ETF (EWP) has a support level at 55.9 and a resistance level at 57.51. Check the full technical report for our detailed analysis of EWP support and resistance levels.