ISHARES MSCI MEXICO ETF (EWW) Stock Technical Analysis
NYSEARCA:EWW - NYSE Arca - US4642868222 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to EWW. EWW 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.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
EWW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EWW is lagging the market slightly.
EWW has an average volume of 1744120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, EWW turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
In the last month EWW has a been trading in the 57.28 - 62.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EWW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 58.85, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
47.48
62.33
4 important support areas can be observed.
- A support zone ranging from 57.93 to 58.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.47 from a trend line in the weekly time frame.
- A support zone ranging from 48.98 to 49.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.96 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.90 to 61.71. 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 EWW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWW is neutral. |
| ChartMill Relative Strength | 46.58 | NEUTRAL | EWW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EWW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.21 | NEUTRAL | The RSI value for EWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests EWW has a negative trend. |
| Stochastics (14,3) | 48.68 | NEUTRAL | The Stochastics value for EWW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for EWW suggests low volalility. |
| Average Directional Index/ADX (14) | 13.37 | NEGATIVE | The low ADX value for EWW suggests a weak or negative 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)
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 |
|---|---|---|---|
| 60.74 | 59.27 | 1.47 (2.42%) | 25.00% |
| An entry @60.74. This is a Buy Stop order right above the 10 day moving average. | An exit @59.27. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.47 points, which is 2.42%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
59.61
-0.52 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.86%
1 Week-2.45%
2 Weeks-1.18%
1 Month-3.18%
3 Month8.52%
6 Month25.57%
12 Month1.74%
2 Year-8.33%
3 Year27.37%
5 Year83.25%
10 Year5.8%
15 Year16.97%
Volatility
ATR(14)0.87
ATR(20)%1.55%
ATR Inc6.78%
Range Today0.74
ADR(20)0.85
ADR(20)%1.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.58
Mansfield0.24
10 Day High62.34
10 Day Low59.28
20 Day High62.34
20 Day Low57.28
52 Week High62.42
52 Week Low46.41
CS1 End58.85
CR1 Start59.9
Volume & EV
DER(3)-0.59%
DER(5)-2.4%
Volume1.15M
Volume Incr-10.75%
Vol(5)1.43M
Vol(50)1.74M