ISHARES CURR HEDGED MSCI UK (HEWU) Stock Technical Analysis
USA - NYSEARCA:HEWU - US46435G8621 - ETF
We assign a technical rating of 2 out of 10 to HEWU. HEWU 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.
HEWU has a poor technical rating and the quality of the setup is also only medium 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.
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22.47
When analyzing the support we can see 3 important areas.
- A support zone ranging from 24.50 to 24.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.91 to 23.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 24.94 to 25.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.67 to 25.74. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for HEWU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HEWU is down. |
| ChartMill Relative Strength | 70.02 | POSITIVE | HEWU has a high relative strength, it outperformed 70.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HEWU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HEWU is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HEWU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.08 | NEUTRAL | The RSI value for HEWU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests HEWU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.55 | NEUTRAL | The Stochastics value for HEWU is a neutral value. |
| Average True Range in percent/ATR (20) | 0.55 | LOW VOLATILITY | The low ATR as a percentage value for HEWU suggests low volalility. |
| Average Directional Index/ADX (14) | 16.86 | NEGATIVE | The low ADX value for HEWU suggests a weak or negative trend. |
NYSEARCA:HEWU (10/30/2023, 8:04:00 PM)
24.815
+0.01 (+0.04%)
ISHARES CURR HEDGED MSCI UK / HEWU FAQ
What is the ChartMill technical rating of ISHARES CURR HEDGED MSCI UK (HEWU) stock?
ChartMill assigns a technical rating of 2 / 10 to HEWU.
What is the trend direction for HEWU stock?
The current trend direction for ISHARES CURR HEDGED MSCI UK (HEWU) is Bearish.
What is the RSI signal for HEWU stock?
ISHARES CURR HEDGED MSCI UK (HEWU) has an RSI value of 42.0829. This indicates that the stock is currently neutral.
What is the buy/sell signal for HEWU stock?
The buy/sell signal for ISHARES CURR HEDGED MSCI UK (HEWU) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for ISHARES CURR HEDGED MSCI UK?
ISHARES CURR HEDGED MSCI UK (HEWU) has a support level at 24.8 and a resistance level at 24.94. Check the full technical report for our detailed analysis of HEWU support and resistance levels.