ISHARES MSCI EUROZONE ETF (EZU) Stock Technical Analysis
NYSEARCA:EZU - NYSE Arca - US4642866085 - ETF - Currency: USD
Taking everything into account, EZU scores 8 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, EZU is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that EZU is one of the better performing stocks in the market, outperforming 71% of all stocks.
EZU is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month EZU has a been trading in the 57.09 - 61.17 range, which is quite wide. It is currently trading near the high of this range.
EZU has an average volume of 2204110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
EZU 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
46.71
61.66
When analyzing the support we can see 4 important areas.
- A support zone ranging from 58.90 to 60.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.12 to 57.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.61 from a trend line in the weekly time frame.
- A support zone ranging from 47.18 to 47.75. 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 60.64 to 61.05. This zone is formed by a combination of multiple trend lines 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 EZU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EZU is up. |
| ChartMill Relative Strength | 71.2 | POSITIVE | EZU has a high relative strength, it outperformed 71.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EZU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EZU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EZU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.11 | NEUTRAL | The RSI value for EZU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests EZU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.35 | OVERBOUGHT | The high Stochastics value suggests EZU may be overbought. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for EZU suggests low volalility. |
| Average Directional Index/ADX (14) | 16.39 | NEGATIVE | The low ADX value for EZU suggests a weak or negative 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)
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 |
|---|---|---|---|
| 61.06 | 59.18 | 1.88 (3.08%) | 25.00% |
| An entry @61.06. This is a Buy Stop order right above the resistance zone. | An exit @59.18. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.88 points, which is 3.08%. | For a 0.77% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
60.56
-0.44 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.72%
1 Week-0.28%
2 Weeks1.73%
1 Month0.78%
3 Month3.66%
6 Month15.13%
12 Month18.07%
2 Year35.09%
3 Year71.41%
5 Year53.74%
10 Year68.13%
15 Year98.23%
Volatility
ATR(14)0.53
ATR(20)%1.03%
ATR Inc-31.23%
Range Today0.25
ADR(20)0.41
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.2
Mansfield0.48
10 Day High61.18
10 Day Low59.19
20 Day High61.18
20 Day Low57.1
52 Week High61.18
52 Week Low46.62
CS1 End60.44
CR1 Start60.64
Volume & EV
DER(3)3.33%
DER(5)1.97%
Volume1.28M
Volume Incr-41.73%
Vol(5)1.29M
Vol(50)2.20M