ISHARES MSCI SPAIN ETF (EWP) Stock Technical Analysis
NYSEARCA:EWP - NYSE Arca - US4642867646 - ETF - Currency: USD
Taking everything into account, EWP scores 10 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.
Besides having an excellent technical rating, EWP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 43.65. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for EWP in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
30.92
7 important support areas can be observed.
- A support zone ranging from 42.74 to 43.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 40.46 to 40.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.72 from a trend line in the weekly time frame.
- Support @36.12 from a trend line in the daily time frame.
- Support @33.92 from a horizontal line in the daily time frame.
- Support @32.61 from a trend line in the weekly time frame.
- Support @31.23 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @43.90 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 EWP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWP is up. |
| ChartMill Relative Strength | 87.3 | POSITIVE | EWP has a high relative strength, it outperformed 87.3% 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) | 65.08 | NEUTRAL | The RSI value for EWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests EWP has a negative trend. |
| Stochastics (14,3) | 80.35 | OVERBOUGHT | The high Stochastics value suggests EWP may be overbought. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for EWP suggests low volalility. |
| Average Directional Index/ADX (14) | 27.83 | POSITIVE | The high ADX value value for EWP suggests a strong trend. |
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 |
|---|---|---|---|
| 43.91 | 42.73 | 1.18 (2.69%) | 25.00% |
| An entry @43.91. This is a Buy Stop order right above the resistance zone. | An exit @42.73. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.18 points, which is 2.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.67%. |
- 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.
NYSEARCA:EWP (6/9/2025, 11:47:38 AM)
43.695
+0.05 (+0.13%)