ISHARES MSCI SOUTH KOREA ETF (EWY) Stock Technical Analysis
USA - NYSEARCA:EWY - US4642867729 - ETF
We assign a technical rating of 10 out of 10 to EWY. Both in the recent history as in the last year, EWY has proven to be a steady performer, scoring decent points in every aspect analyzed.
EWY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 91.80, a Stop Loss order could be placed below this zone.
More info and screens
69.37
4 important support areas can be observed.
- A support zone ranging from 91.80 to 91.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.58 from a trend line in the daily time frame.
- Support @72.39 from a horizontal line in the daily time frame.
- Support @70.07 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 94.11 to 95.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | UP | POSITIVE | The long term trend for EWY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWY is up. |
| ChartMill Relative Strength | 92.64 | POSITIVE | EWY has a high relative strength, it outperformed 92.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EWY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWY is above 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) | 55.58 | NEUTRAL | The RSI value for EWY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests EWY has a negative trend. |
| Stochastics (14,3) | 44.67 | NEUTRAL | The Stochastics value for EWY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for EWY suggests some volalility. |
| Average Directional Index/ADX (14) | 23.82 | NEUTRAL | The ADX value for EWY suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 95.37 | 91.79 | 3.58 (3.75%) | 25.00% |
| An entry @95.37. This is a Buy Stop order right above the resistance zone. | An exit @91.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.58 points, which is 3.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%. |
- 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.
93.02
-1.11 (-1.18%)
ISHARES MSCI SOUTH KOREA ETF / EWY FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI SOUTH KOREA ETF?
ChartMill assigns a technical rating of 10 / 10 to EWY.
What is the trend direction for EWY stock?
The current trend direction for ISHARES MSCI SOUTH KOREA ETF (EWY) is Bullish.
What is the RSI signal for EWY stock?
ISHARES MSCI SOUTH KOREA ETF (EWY) has an RSI value of 55.5838. This indicates that the stock is currently neutral.
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 positive.
Can you provide the buy/sell signal for ISHARES MSCI SOUTH KOREA ETF?
The buy/sell signal for ISHARES MSCI SOUTH KOREA ETF (EWY) is buy as both the short term and long term trends are positive.