EZA Technical Analysis - ISHARES MSCI SOUTH AFRICA ET

Technical Rating and Analysis

Taking everything into account, EZA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EZA is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, EZA did better than 80% of all other stocks.

EZA 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.

In the last month EZA has a been trading in the 56.28 - 61.22 range, which is quite wide. It is currently trading near the high of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ISHARES MSCI SOUTH AFRICA ET / EZA Weekly stock chart

ISHARES MSCI SOUTH AFRICA ET / EZA Daily stock chart

Setup Rating and Analysis

Although EZA 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

42.22

61.61

We found 5 important support areas.

A support zone ranging from 58.18 to 59.32. 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 56.45 to 56.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @54.64 from a trend line in the daily time frame.
Support @51.56 from a horizontal line in the daily time frame.
Support @42.65 from a trend line in the weekly time frame.

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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 EZA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EZA is up.
ChartMill Relative Strength	80.67	POSITIVE	EZA has a high relative strength, it outperformed 80.67% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EZA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EZA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EZA is above the rising SMA(200).
Relative Strength Index/RSI (14)	69.37	NEUTRAL	The RSI value for EZA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.24	POSITIVE	The MACD value suggests EZA has a positive trend.
Stochastics (14,3)	95.91	OVERBOUGHT	The high Stochastics value suggests EZA may be overbought.
Average True Range in percent/ATR (20)	1.42	LOW VOLATILITY	The low ATR as a percentage value for EZA suggests low volalility.
Average Directional Index/ADX (14)	23.31	NEUTRAL	The ADX value for EZA suggests a possible start of a new trend.