ISHARES MSCI MEXICO ETF (EWW) Stock Technical Analysis
NYSEARCA:EWW - NYSE Arca - US4642868222 - ETF - Currency: USD
Overall EWW gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EWW is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month EWW has a been trading in the 55.68 - 61.07 range, which is quite wide. It is currently trading near the high of this range.
EWW has an average volume of 2671080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that EWW is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
EWW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EWW is lagging the market slightly.
Although EWW has an excellent technical rating, the quality of the presented setup is not ideal 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
47.48
61.29
4 important support areas can be observed.
- A support zone ranging from 56.93 to 58.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.58 from a trend line in the weekly time frame.
- Support @48.98 from a horizontal line 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 60.68 to 60.68. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for EWW is up. |
| ChartMill Relative Strength | 71.84 | POSITIVE | EWW has a high relative strength, it outperformed 71.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWW is above 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) | 67.25 | NEUTRAL | The RSI value for EWW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EWW has a negative trend. |
| Stochastics (14,3) | 84.29 | OVERBOUGHT | The high Stochastics value suggests EWW may be overbought. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for EWW suggests low volalility. |
| Average Directional Index/ADX (14) | 30.63 | POSITIVE | The high ADX value value for EWW 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)
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 |
|---|---|---|---|
| 60.69 | 56.92 | 3.77 (6.21%) | 16.10% |
| An entry @60.69. This is a Buy Stop order right above the resistance zone. | An exit @56.92. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.77 points, which is 6.21%. | When investing 16.10% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
60.67
+0.84 (+1.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.4%
1 Week1.95%
2 Weeks4.39%
1 Month4.71%
3 Month16.7%
6 Month21.03%
12 Month-7.96%
2 Year1.37%
3 Year16.52%
5 Year90.25%
10 Year3.69%
15 Year24.09%
Volatility
ATR(14)1.21
ATR(20)%1.94%
ATR Inc6.08%
Range Today1.63
ADR(20)1.17
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.84
Mansfield1.08
10 Day High61.07
10 Day Low56.93
20 Day High61.07
20 Day Low55.68
52 Week High66.53
52 Week Low46.41
CS1 End58.62
CR1 Start60.68
Volume & EV
DER(3)-1.45%
DER(5)1.22%
Volume1.38M
Volume Incr-27.88%
Vol(5)1.87M
Vol(50)2.67M