ISHARES MSCI TAIWAN ETF (EWT) Stock Technical Analysis
USA - NYSEARCA:EWT - US46434G7723 - ETF
61.62 USD
-3.21 (-4.95%)
61 USD
-0.62 (-1.01%)
We assign a technical rating of 6 out of 10 to EWT. EWT has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month EWT has a been trading in the 61.60 - 65.69 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
EWT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
EWT has an average volume of 2821360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, EWT did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
EWT has an average technical rating and it also 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
43.66
66.31
3 important support areas can be observed.
- A support zone ranging from 60.53 to 61.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 58.04 to 58.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @44.10 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 63.79 to 65.65. 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 EWT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWT is neutral. |
| ChartMill Relative Strength | 70.93 | POSITIVE | EWT has a high relative strength, it outperformed 70.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.91 | NEUTRAL | The RSI value for EWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests EWT has a negative trend. |
| Stochastics (14,3) | 58.13 | NEUTRAL | The Stochastics value for EWT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for EWT suggests low volalility. |
| Average Directional Index/ADX (14) | 32.41 | POSITIVE | The high ADX value value for EWT 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)
61.62
-3.21 (-4.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.95%
1 Week-4.67%
2 Weeks-1.79%
1 Month-1.93%
3 Month5.69%
6 Month35.07%
12 Month11.85%
2 Year41.59%
3 Year47.91%
5 Year36.45%
10 Year121.66%
15 Year121.66%
Volatility
ATR(14)0.99
ATR(20)%1.43%
ATR Inc181.3%
Range Today3.35
ADR(20)0.73
ADR(20)%1.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.93
Mansfield0.38
10 Day High65.69
10 Day Low61.6
20 Day High65.69
20 Day Low61.6
52 Week High65.69
52 Week Low39.44
CS1 End61.61
CR1 Start63.79
Volume & EV
DER(3)0.78%
DER(5)-0.61%
Volume6.76M
Volume Incr25.79%
Vol(5)3.74M
Vol(50)2.82M