PROSHARES ULTSHRT MSCI JAPAN (EWV) Stock Technical Analysis
USA - NYSEARCA:EWV - US74349Y7123 - ETF
27.52 USD
+0.42 (+1.55%)
Taking everything into account, EWV scores 0 out of 10 in our technical rating. EWV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
92% of all other stocks performed better in the past year than EWV.
EWV is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month EWV has a been trading in the 26.96 - 29.90 range, which is quite wide. It is currently trading near the lows of this range.
Warning: EWV has an average volume of 8624 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, EWV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 27.51, a Stop Loss order could be placed below this zone.
More info and screens
26.83
45.87
When analyzing the support we notice one important area.
- A support zone ranging from 27.10 to 27.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 29.33 to 29.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.13 from a horizontal line in the daily time frame.
- Resistance @35.16 from a horizontal line in the daily time frame.
- Resistance @45.42 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for EWV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EWV is down. |
| ChartMill Relative Strength | 8.1 | NEGATIVE | EWV has a low relative strength, it was outperformed by 91.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EWV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EWV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.95 | NEUTRAL | The RSI value for EWV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EWV has a positive trend. |
| Stochastics (14,3) | 12.33 | OVERSOLD | The low Stochastics value suggests EWV may be oversold. |
| Average True Range in percent/ATR (20) | 2.19 | MEDIUM VOLATILITY | The ATR as a percentage value for EWV suggests some volalility. |
| Average Directional Index/ADX (14) | 23.26 | NEUTRAL | The ADX value for EWV suggests a possible start of a new 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)
NYSEARCA:EWV (9/19/2025, 8:04:00 PM)
27.52
+0.42 (+1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.55%
1 Week-0.25%
2 Weeks-4.26%
1 Month-5.12%
3 Month-21.67%
6 Month-26.45%
12 Month-28.85%
2 Year-51.53%
3 Year-69.29%
5 Year-65.18%
10 Year-87.95%
15 Year-96.03%
Volatility
ATR(14)0.55
ATR(20)%2.19%
ATR Inc-17.2%
Range Today0.28
ADR(20)0.3
ADR(20)%1.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.1
Mansfield-3.42
10 Day High28.29
10 Day Low26.96
20 Day High29.9
20 Day Low26.96
52 Week High52.06
52 Week Low26.96
CS1 End27.51
CR1 Start29.33
Volume & EV
DER(3)0%
DER(5)0%
Volume3.20K
Volume Incr-69.19%
Vol(5)2.32K
Vol(50)8.62K