ISHARES MSCI SOUTH KOREA ETF (EWY) Technical Analysis
NYSEARCA:EWY • US4642867729
Current stock price
EWY Technical Rating and Analysis
Taking everything into account, EWY scores 7 out of 10 in our technical rating. 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.
- In the last month EWY has a been trading in the 114.92 - 137.69 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that EWY is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, EWY also shows a nice and consistent pattern of rising prices.
- EWY has an average volume of 23442000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- EWY 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 EWY is lagging the market slightly.
EWY Weekly and Daily overview Charts
EWY Setup Rating and Analysis
EWY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 134.83. Right above this resistance zone may be a good entry point.
More info and screens
EWY Support and Resistance Analysis
103.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 120.98 to 121.95. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A support zone ranging from 116.43 to 117.64. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @104.57 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @134.83 from a horizontal line in the daily time frame.
EWY Technical Indicator Signal Analysis
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 EWY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EWY is down. |
| ChartMill Relative Strength | 94.13 | POSITIVE | EWY has a high relative strength, it outperformed 94.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EWY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.89 | NEUTRAL | The RSI value for EWY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.95 | NEGATIVE | The MACD value suggests EWY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.25 | NEUTRAL | The Stochastics value for EWY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.73 | HIGH VOLATILITY | The high ATR as a percentage value for EWY suggests high volalility. |
| Average Directional Index/ADX (14) | 21.14 | NEUTRAL | The ADX value for EWY suggests a possible start of a new trend. |
EWY Chart- and CandleStick Pattern Analysis
EWY Example Setup
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 |
|---|---|---|---|
| 124.57 | 120.97 | 3.60 (2.89%) | 25.00% |
| An entry @124.57. This is a Buy Stop order right above the 10 day moving average. | An exit @120.97. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.60 points, which is 2.89%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EWY. Please evaluate whether better entry and exit points can be found.
- 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.
EWY Technicals: Chart, Performance Metrics, Trend & Indicators
122.87
-3.35 (-2.65%)
ISHARES MSCI SOUTH KOREA ETF / EWY TA FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI SOUTH KOREA ETF?
ChartMill assigns a technical rating of 7 / 10 to EWY.
What is the current trend direction of ISHARES MSCI SOUTH KOREA ETF (EWY) stock?
The current trend direction for ISHARES MSCI SOUTH KOREA ETF (EWY) is Bullish.
What is the RSI signal for ISHARES MSCI SOUTH KOREA ETF (EWY) stock?
ISHARES MSCI SOUTH KOREA ETF (EWY) has an RSI value of 45.8936. This indicates that the stock is currently neutral.
What is the MACD signal for EWY stock?
The MACD indicator for ISHARES MSCI SOUTH KOREA ETF (EWY) has a value of -0.949579, indicating a bearish trend.
What is the short term momentum for ISHARES MSCI SOUTH KOREA ETF (EWY) stock?
The short term momentum for ISHARES MSCI SOUTH KOREA ETF (EWY) is negative.