NYSEARCA:EWU - NYSE Arca - US46435G3341 - ETF - Currency: USD
Overall EWU gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EWU is only an average performer.
EWU has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 39.93, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
34.26
When analyzing the support we can see 4 important areas.
We found 1 important resistance area.
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 EWU is up. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWU is neutral. |
ChartMill Relative Strength | 63.06 | NEUTRAL | EWU is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of EWU is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWU is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWU is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 49.08 | NEUTRAL | The RSI value for EWU is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests EWU has a negative trend. |
Stochastics (14,3) | 26.71 | NEUTRAL | The Stochastics value for EWU is a neutral value. |
Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for EWU suggests low volalility. |
Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for EWU suggests a weak or negative 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 |
---|---|---|---|
40.32 | 39.60 | 0.72 (1.79%) | 25.00% |
An entry @40.31. This is a Buy Stop order right above the 10 day moving average. | An exit @39.59. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.72 points, which is 1.79%. | For a 0.45% total portfolio risk, you can invest 25.00% of your capital in this trade. |
39.94
+0.13 (+0.33%)