Switzerland Curr Hedged Ishares MSCI ETF (HEWL) Stock Technical Analysis
NYSEARCA:HEWL - NYSE Arca -
Overall HEWL gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HEWL is only an average performer.
HEWL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 30.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.95, a Stop Loss order could be placed below this zone.
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28.37
When analyzing the support we can see 2 important areas.
- A support zone ranging from 29.49 to 29.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 30.02 to 30.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.11 from a horizontal line in the daily time frame.
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 HEWL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HEWL is up. |
| ChartMill Relative Strength | 57.17 | NEUTRAL | HEWL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HEWL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HEWL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HEWL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.87 | NEUTRAL | The RSI value for HEWL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HEWL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.44 | NEUTRAL | The Stochastics value for HEWL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.82 | LOW VOLATILITY | The low ATR as a percentage value for HEWL suggests low volalility. |
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 |
|---|---|---|---|
| 30.07 | 29.76 | 0.31 (1.04%) | 25.00% |
| An entry @30.07. This is a Buy Stop order right above the 10 day high. | An exit @29.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.31 points, which is 1.04%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.26%. |
- The distance between exit and entry is rather small compared to the average daily movement of HEWL. Please evaluate whether better entry and exit points can be found.
- 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.
Switzerland Curr Hedged Ishares MSCI ETF
NYSEARCA:HEWL (8/17/2020, 8:04:00 PM)
30.02
-0.02 (-0.07%)