South Korea Curr Hedged Ishares MSCI ETF (HEWY) Stock Technical Analysis
USA - NYSEARCA:HEWY -
Overall HEWY gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HEWY is only an average performer.
Although HEWY has an excellent technical rating, it does not offer a high 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.
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20.18
4 important support areas can be observed.
- A support zone ranging from 23.29 to 23.66. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 22.57 to 22.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @20.82 from a horizontal line in the weekly time frame.
- Support @20.38 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 23.68 to 23.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.50 from a trend line in the weekly time frame.
- Resistance @26.81 from a horizontal line in the weekly 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 HEWY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HEWY is up. |
| ChartMill Relative Strength | 69.41 | NEUTRAL | HEWY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HEWY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HEWY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HEWY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 76.61 | OVERBOUGHT | The high RSI value suggests HEWY may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests HEWY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.97 | OVERBOUGHT | The high Stochastics value suggests HEWY may be overbought. |
| Average True Range in percent/ATR (20) | 0.81 | LOW VOLATILITY | The low ATR as a percentage value for HEWY suggests low volalility. |
South Korea Curr Hedged Ishares MSCI ETF
NYSEARCA:HEWY (8/17/2020, 8:04:00 PM)
23.675
+0.02 (+0.08%)
South Korea Curr Hedged Ishares MSCI ETF / HEWY FAQ
What is the technical rating for HEWY stock?
ChartMill assigns a technical rating of 8 / 10 to HEWY.
What is the trend direction for HEWY stock?
The current trend direction for South Korea Curr Hedged Ishares MSCI ETF (HEWY) is Bullish.
Can you provide the RSI signal for South Korea Curr Hedged Ishares MSCI ETF?
South Korea Curr Hedged Ishares MSCI ETF (HEWY) has an RSI value of 76.6146. This indicates that the stock is currently overbought.
Can you provide the short term momentum for South Korea Curr Hedged Ishares MSCI ETF?
The short term momentum for South Korea Curr Hedged Ishares MSCI ETF (HEWY) is positive.
What is the support and resistance level for HEWY stock?
South Korea Curr Hedged Ishares MSCI ETF (HEWY) has a support level at 23.66 and a resistance level at 23.68. Check the full technical report for our detailed analysis of HEWY support and resistance levels.