Overall EWY gets a technical rating of 10 out of 10. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, EWY did better than 95% of all other stocks. On top of that, EWY also shows a nice and consistent pattern of rising prices.
- EWY is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- EWY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- EWY has an average volume of 7866690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although EWY 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
87.64
When analyzing the support we can see 3 important areas.
- A support zone ranging from 120.25 to 120.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @94.35 from a trend line in the daily time frame.
- Support @88.53 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @125.56 from a horizontal 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 | UP | POSITIVE | The short term trend for EWY is up. |
| ChartMill Relative Strength | 95.8 | POSITIVE | EWY has a high relative strength, it outperformed 95.8% 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) | 63.41 | NEUTRAL | The RSI value for EWY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EWY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.69 | NEUTRAL | The Stochastics value for EWY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for EWY suggests some volalility. |
| Average Directional Index/ADX (14) | 49.8 | POSITIVE | The high ADX value value for EWY suggests a strong trend. |
120.26
-4.06 (-3.27%)
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 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 EWY stock?
ISHARES MSCI SOUTH KOREA ETF (EWY) has an RSI value of 63.4136. 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.
What is the support and resistance level for EWY stock?
ISHARES MSCI SOUTH KOREA ETF (EWY) has a support level at 120.25 and a resistance level at 125.56. Check the full technical report for our detailed analysis of EWY support and resistance levels.