ISHARES MSCI BRAZIL ETF (EWZ) Stock Technical Analysis
NYSEARCA:EWZ - NYSE Arca - US4642864007 - ETF - Currency: USD
Overall EWZ gets a technical rating of 7 out of 10. Although EWZ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
EWZ 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.
EWZ has an average volume of 25220700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, EWZ outperforms 52% of them, which is more or less in line with the market.
EWZ 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 EWZ is lagging the market slightly.
EWZ has an excellent technical rating, but the quality of the setup is only medium 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
23.65
28.83
2 important support areas can be observed.
- A support zone ranging from 26.40 to 26.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.89 to 24.11. 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 27.92 to 28.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for EWZ is neutral. |
| ChartMill Relative Strength | 52.38 | NEUTRAL | EWZ is not amongst the best or worst performers 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) | 57.05 | NEUTRAL | The RSI value for EWZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EWZ has a negative trend. |
| Stochastics (14,3) | 61.44 | NEUTRAL | The Stochastics value for EWZ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for EWZ suggests low volalility. |
| Average Directional Index/ADX (14) | 20.36 | NEUTRAL | The ADX value for EWZ suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
27.65
+0.13 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.47%
1 Week-1.25%
2 Weeks0.33%
1 Month2.64%
3 Month8.56%
6 Month0.51%
12 Month-9.14%
2 Year-4.06%
3 Year-21.56%
5 Year1.69%
10 Year-14.32%
15 Year-56.47%
Volatility
ATR(14)0.54
ATR(20)%1.84%
ATR Inc58.3%
Range Today0.89
ADR(20)0.43
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.38
Mansfield0.08
10 Day High28.45
10 Day Low26.76
20 Day High28.45
20 Day Low26.28
52 Week High31.14
52 Week Low22.26
CS1 End26.45
CR1 Start27.92
Volume & EV
DER(3)-3.52%
DER(5)-0.12%
Volume34.37M
Volume Incr11.25%
Vol(5)25.93M
Vol(50)25.22M