We assign a technical rating of 0 out of 10 to HEWG. HEWG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of HEWG 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
28.67
3 important support areas can be observed.
- A support zone ranging from 32.11 to 33.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.49 from a trend line in the weekly time frame.
- Support @28.96 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 34.11 to 34.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 35.57 to 36.33. 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 HEWG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HEWG is down. |
| ChartMill Relative Strength | 32.77 | NEUTRAL | HEWG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HEWG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HEWG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HEWG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.62 | NEUTRAL | The RSI value for HEWG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests HEWG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.4 | NEUTRAL | The Stochastics value for HEWG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for HEWG suggests low volalility. |
| Average Directional Index/ADX (14) | 21.48 | NEUTRAL | The ADX value for HEWG suggests a possible start of a new trend. |
iShares Currency Hedged MSCI Germany ETF
NASDAQ:HEWG (8/12/2024, 8:25:39 PM)
33.01
-0.12 (-0.36%)
iShares Currency Hedged MSCI Germany ETF / HEWG FAQ
What is the ChartMill technical rating of iShares Currency Hedged MSCI Germany ETF (HEWG) stock?
ChartMill assigns a technical rating of 0 / 10 to HEWG.
What is the current trend direction of iShares Currency Hedged MSCI Germany ETF (HEWG) stock?
The current trend direction for iShares Currency Hedged MSCI Germany ETF (HEWG) is Bearish.
Can you provide the RSI signal for iShares Currency Hedged MSCI Germany ETF?
iShares Currency Hedged MSCI Germany ETF (HEWG) has an RSI value of 34.6169. This indicates that the stock is currently neutral.
What is the MACD signal for iShares Currency Hedged MSCI Germany ETF (HEWG) stock?
The MACD indicator for iShares Currency Hedged MSCI Germany ETF (HEWG) has a value of -0.125561, indicating a bearish trend.
What is the short term momentum for iShares Currency Hedged MSCI Germany ETF (HEWG) stock?
The short term momentum for iShares Currency Hedged MSCI Germany ETF (HEWG) is negative.