ISHARES CURR HDG MSCI CANADA (HEWC) Stock Technical Analysis
NYSEARCA:HEWC - NYSE Arca - US46435G7060 - ETF - Currency: USD
Overall HEWC gets a technical rating of 1 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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 compared to the yearly performance of all other stocks, HEWC outperforms 47% of them, which is more or less in line with the market.
In the last month HEWC has a been trading in a tight range between 28.74 and 29.93.
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
28.45
31.99
When analyzing the support we notice one important 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.
2 important resistance areas can be observed.
- 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.
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. |
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)
NYSEARCA:HEWC (10/30/2023, 8:04:00 PM)
28.8304
+0.04 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.12%
1 Week-0.47%
2 Weeks-3.44%
1 Month-1.37%
3 Month-5.42%
6 Month-7.03%
12 Month-6.54%
2 Year-13.95%
3 Year19.15%
5 Year15.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%0.72%
ATR Inc-53.27%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.7
Mansfield-0.47
10 Day High29.93
10 Day Low28.75
20 Day High29.93
20 Day Low28.74
52 Week High32.81
52 Week Low28.71
CS1 End28.79
CR1 Start28.91
Volume & EV
DER(3)0%
DER(5)0%
Volume3.10K
Volume Incr-20.7%
Vol(5)2.28K
Vol(50)2.85K