We assign a technical rating of 9 out of 10 to EWY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EWY is showing a nice and steady performance.
Although EWY 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
86.59
2 important support areas can be observed.
- A support zone ranging from 91.89 to 92.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 87.46 to 90.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @95.20 from a trend line 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 | NEUTRAL | NEUTRAL | The short term trend for EWY is neutral. |
| ChartMill Relative Strength | 93.47 | POSITIVE | EWY has a high relative strength, it outperformed 93.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWY is above 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) | 57.07 | NEUTRAL | The RSI value for EWY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EWY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.86 | NEUTRAL | The Stochastics value for EWY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for EWY suggests low volalility. |
| Average Directional Index/ADX (14) | 12.59 | NEGATIVE | The low ADX value for EWY suggests a weak or negative trend. |
94.6
+1.9 (+2.05%)
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 9 / 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 57.0718. 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 neutral.