iShares Currency Hedged MSCI Germany ETF (HEWG) Technical Analysis
NASDAQ:HEWG • US46434V7047
Current stock price
HEWG Technical Rating and Analysis
Overall HEWG gets a technical rating of 0 out of 10. HEWG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, HEWG is a bad performer in the overall market: 68% of all stocks are doing better.
- HEWG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Warning: HEWG has an average volume of 3730 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- HEWG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HEWG is lagging the market.
- Considerably lower volume is observed in the last couple of days.
HEWG Weekly and Daily overview Charts
HEWG Setup Rating and Analysis
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
HEWG Support and Resistance Analysis
28.67
We found 3 important support areas.
- 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.
When analyzing the resistance we notice 2 important areas.
- 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.
HEWG 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 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. |
HEWG Chart- and CandleStick Pattern Analysis
HEWG Technicals: Chart, Performance Metrics, Trend & Indicators
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 TA 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.
Can you provide the trend direction for iShares Currency Hedged MSCI Germany ETF?
The current trend direction for iShares Currency Hedged MSCI Germany ETF (HEWG) is Bearish.
What is the RSI signal for HEWG stock?
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 support and resistance level for HEWG stock?
iShares Currency Hedged MSCI Germany ETF (HEWG) has a support level at 33 and a resistance level at 34.11. Check the full technical report for our detailed analysis of HEWG support and resistance levels.