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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EWP did better than 89% of all other stocks. On top of that, EWP also shows a nice and consistent pattern of rising prices.
EWP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EWP is leading the market.
In the last month EWP has a been trading in a tight range between 41.85 and 44.07.
Although EWP has an excellent technical rating, it does not present a decent entry opportunity 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
30.92
44.42
When analyzing the support we can see 6 important areas.
- A support zone ranging from 43.24 to 43.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.05 from a trend line in the weekly time frame.
- Support @36.36 from a trend line in the daily time frame.
- Support @34.21 from a horizontal line in the daily time frame.
- Support @32.68 from a trend line in the weekly time frame.
- Support @31.23 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.32 to 43.98. This zone is formed by a combination of multiple trend lines and important moving averages 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 EWP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWP is up. |
| ChartMill Relative Strength | 89.16 | POSITIVE | EWP has a high relative strength, it outperformed 89.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EWP is below 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) | 56.8 | NEUTRAL | The RSI value for EWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests EWP has a negative trend. |
| Stochastics (14,3) | 64.98 | NEUTRAL | The Stochastics value for EWP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for EWP suggests low volalility. |
| Average Directional Index/ADX (14) | 28.24 | POSITIVE | The high ADX value value for EWP 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)
43.25
-0.72 (-1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.64%
1 Week-0.89%
2 Weeks-0.09%
1 Month3.57%
3 Month14.36%
6 Month31.78%
12 Month38.22%
2 Year49.65%
3 Year85.46%
5 Year92.56%
10 Year28.91%
15 Year35.88%
Volatility
ATR(14)0.5
ATR(20)%1.2%
ATR Inc79.58%
Range Today0.49
ADR(20)0.36
ADR(20)%0.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.16
Mansfield1.79
10 Day High44.07
10 Day Low42.91
20 Day High44.07
20 Day Low41.85
52 Week High44.07
52 Week Low30.33
CS1 End43.24
CR1 Start43.32
Volume & EV
DER(3)-0.72%
DER(5)2.03%
Volume507.70K
Volume Incr-24.1%
Vol(5)391.70K
Vol(50)577.09K