ISHARES MSCI MEXICO ETF (EWW) Stock Technical Analysis
USA - NYSEARCA:EWW - US4642868222 - ETF
We assign a technical rating of 9 out of 10 to EWW. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although EWW has an excellent technical rating, it does not offer a high quality setup 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
57.35
We found 2 important support areas.
- A support zone ranging from 64.39 to 65.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.93 to 58.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 66.39 to 69.34. 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 | 85.64 | POSITIVE | EWW has a high relative strength, it outperformed 85.64% off all stocks 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) | 45.57 | NEUTRAL | The RSI value for EWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EWW has a negative trend. |
| Stochastics (14,3) | 41.88 | NEUTRAL | The Stochastics value for EWW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for EWW suggests low volalility. |
| Average Directional Index/ADX (14) | 16.65 | NEGATIVE | The low ADX value for EWW suggests a weak or negative trend. |
65.87
-1.35 (-2.01%)
ISHARES MSCI MEXICO ETF / EWW FAQ
What is the ChartMill technical rating of ISHARES MSCI MEXICO ETF (EWW) stock?
ChartMill assigns a technical rating of 9 / 10 to EWW.
What is the current trend direction of ISHARES MSCI MEXICO ETF (EWW) stock?
The current trend direction for ISHARES MSCI MEXICO ETF (EWW) is Bullish.
What is the RSI signal for ISHARES MSCI MEXICO ETF (EWW) stock?
ISHARES MSCI MEXICO ETF (EWW) has an RSI value of 45.5685. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES MSCI MEXICO ETF (EWW) stock?
The MACD indicator for ISHARES MSCI MEXICO ETF (EWW) has a value of -0.0851953, indicating a bearish trend.
What is the support and resistance level for EWW stock?
ISHARES MSCI MEXICO ETF (EWW) has a support level at 65.41 and a resistance level at 66.39. Check the full technical report for our detailed analysis of EWW support and resistance levels.