ISHARES CURR HDG MSCI CANADA (HEWC) Technical Analysis
NYSEARCA:HEWC • US46435G7060
Current stock price
HEWC Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to HEWC. HEWC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- HEWC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so HEWC is lagging the market.
- Warning: HEWC has an average volume of 2846 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the performance of all stocks over the past year, HEWC turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- In the last month HEWC has a been trading in a tight range between 28.74 and 29.93.
HEWC Weekly and Daily overview Charts
HEWC Setup Rating and Analysis
The technical rating of HEWC is bad and it also does not present a quality setup 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
HEWC Support and Resistance Analysis
28.45
We found 1 important support area.
- A support zone ranging from 28.74 to 28.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 28.91 to 29.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.35 to 31.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
HEWC 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 | DOWN | NEGATIVE | The long term trend for HEWC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HEWC is down. |
| ChartMill Relative Strength | 47.7 | NEUTRAL | HEWC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HEWC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HEWC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HEWC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.6 | NEUTRAL | The RSI value for HEWC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests HEWC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.6 | OVERSOLD | The low Stochastics value suggests HEWC may be oversold. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for HEWC suggests low volalility. |
| Average Directional Index/ADX (14) | 23.15 | NEUTRAL | The ADX value for HEWC suggests a possible start of a new trend. |
HEWC Chart- and CandleStick Pattern Analysis
HEWC Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:HEWC (10/30/2023, 8:04:00 PM)
28.8304
+0.04 (+0.12%)
ISHARES CURR HDG MSCI CANADA / HEWC TA FAQ
What is the ChartMill technical rating of ISHARES CURR HDG MSCI CANADA (HEWC) stock?
ChartMill assigns a technical rating of 1 / 10 to HEWC.
What is the trend direction for HEWC stock?
The current trend direction for ISHARES CURR HDG MSCI CANADA (HEWC) is Bearish.
What is the RSI signal for ISHARES CURR HDG MSCI CANADA (HEWC) stock?
ISHARES CURR HDG MSCI CANADA (HEWC) has an RSI value of 35.601. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES CURR HDG MSCI CANADA (HEWC) stock?
The MACD indicator for ISHARES CURR HDG MSCI CANADA (HEWC) has a value of -0.0449214, indicating a bearish trend.
What is the support and resistance level for HEWC stock?
ISHARES CURR HDG MSCI CANADA (HEWC) has a support level at 28.79 and a resistance level at 28.91. Check the full technical report for our detailed analysis of HEWC support and resistance levels.