ISHARES MSCI BRAZIL ETF (EWZ) Technical Analysis
NYSEARCA:EWZ • US4642864007
Current stock price
EWZ Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to EWZ. Both in the recent history as in the last year, EWZ has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, EWZ did better than 85% of all other stocks. On top of that, EWZ also shows a nice and consistent pattern of rising prices.
- EWZ is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EWZ is leading the market.
- In the last month EWZ has a been trading in the 34.81 - 38.81 range, which is quite wide. It is currently trading near the high of this range.
- EWZ has an average volume of 42205900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EWZ Weekly and Daily overview Charts
EWZ Setup Rating and Analysis
Besides having an excellent technical rating, EWZ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 39.38. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
EWZ Support and Resistance Analysis
31.23
5 important support areas can be observed.
- A support zone ranging from 36.88 to 37.52. 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 35.67 to 36.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 35.05 to 35.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.89 to 34.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 31.55 to 31.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 39.38 to 39.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
EWZ 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 EWZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWZ is up. |
| ChartMill Relative Strength | 85.9 | POSITIVE | EWZ has a high relative strength, it outperformed 85.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.5 | NEUTRAL | The RSI value for EWZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests EWZ has a positive trend. |
| Stochastics (14,3) | 92.49 | OVERBOUGHT | The high Stochastics value suggests EWZ may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for EWZ suggests some volalility. |
| Average Directional Index/ADX (14) | 16.35 | NEGATIVE | The low ADX value for EWZ suggests a weak or negative trend. |
EWZ Chart- and CandleStick Pattern Analysis
EWZ 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 |
|---|---|---|---|
| 39.61 | 36.87 | 2.74 (6.92%) | 14.46% |
| An entry @39.61. This is a Buy Stop order right above the resistance zone. | An exit @36.87. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.74 points, which is 6.92%. | When investing 14.46% 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.
EWZ Technicals: Chart, Performance Metrics, Trend & Indicators
38.35
-0.02 (-0.05%)
ISHARES MSCI BRAZIL ETF / EWZ TA FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI BRAZIL ETF?
ChartMill assigns a technical rating of 10 / 10 to EWZ.
What is the trend direction for EWZ stock?
The current trend direction for ISHARES MSCI BRAZIL ETF (EWZ) is Bullish.
Can you provide the RSI signal for ISHARES MSCI BRAZIL ETF?
ISHARES MSCI BRAZIL ETF (EWZ) has an RSI value of 57.4987. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ISHARES MSCI BRAZIL ETF?
The MACD indicator for ISHARES MSCI BRAZIL ETF (EWZ) has a value of 0.219365, indicating a bearish trend.
Can you provide the support and resistance levels for ISHARES MSCI BRAZIL ETF?
ISHARES MSCI BRAZIL ETF (EWZ) has a support level at 37.52 and a resistance level at 39.38. Check the full technical report for our detailed analysis of EWZ support and resistance levels.