Spain Curr Hedged Ishares MSCI ETF (HEWP) Technical Analysis
NYSEARCA:HEWP
Current stock price
HEWP Technical Rating and Analysis
Overall HEWP gets a technical rating of 2 out of 10. HEWP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, HEWP is a bad performer in the overall market: 66% of all stocks are doing better.
- Warning: HEWP has an average volume of 1636 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- HEWP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HEWP is lagging the market slightly.
- In the last month HEWP has a been trading in the 16.58 - 18.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
HEWP Weekly and Daily overview Charts
HEWP Setup Rating and Analysis
HEWP has a poor technical rating and the quality of the setup is also not perfect 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
HEWP Support and Resistance Analysis
16.40
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.21 to 17.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.57 to 16.87. 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 17.58 to 17.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @18.55 from a horizontal line in the weekly time frame.
HEWP 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 HEWP is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HEWP is up. |
| ChartMill Relative Strength | 34.05 | NEUTRAL | HEWP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HEWP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HEWP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HEWP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.89 | NEUTRAL | The RSI value for HEWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests HEWP has a positive trend. |
| Stochastics (14,3) | 94.67 | OVERBOUGHT | The high Stochastics value suggests HEWP may be overbought. |
| Average True Range in percent/ATR (20) | 1.07 | LOW VOLATILITY | The low ATR as a percentage value for HEWP suggests low volalility. |
HEWP Chart- and CandleStick Pattern Analysis
HEWP Technicals: Chart, Performance Metrics, Trend & Indicators
Spain Curr Hedged Ishares MSCI ETF
NYSEARCA:HEWP (8/17/2020, 8:04:00 PM)
17.495
0 (0%)
Spain Curr Hedged Ishares MSCI ETF / HEWP TA FAQ
What is the technical rating for HEWP stock?
ChartMill assigns a technical rating of 2 / 10 to HEWP.
What is the trend direction for HEWP stock?
The current trend direction for Spain Curr Hedged Ishares MSCI ETF (HEWP) is Bearish.
What is the RSI signal for HEWP stock?
Spain Curr Hedged Ishares MSCI ETF (HEWP) has an RSI value of 52.8898. This indicates that the stock is currently neutral.
What is the MACD signal for HEWP stock?
The MACD indicator for Spain Curr Hedged Ishares MSCI ETF (HEWP) has a value of 0.0555451, indicating a bearish trend.
What is the short term momentum for Spain Curr Hedged Ishares MSCI ETF (HEWP) stock?
The short term momentum for Spain Curr Hedged Ishares MSCI ETF (HEWP) is positive.