NYSEARCA:IWF - NYSE Arca - US4642876142 - ETF - Currency: USD
Overall IWF 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, IWF is only an average performer.
Besides having an excellent technical rating, IWF also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 411.96. Right above this resistance zone may be a good entry point.
331.41
When analyzing the support we can see 2 important areas.
When analyzing the resistance we notice one important area.
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 IWF is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IWF is up. |
ChartMill Relative Strength | 74.52 | POSITIVE | IWF has a high relative strength, it outperformed 74.52% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IWF is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IWF is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IWF is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 67.29 | NEUTRAL | The RSI value for IWF is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests IWF has a negative trend. |
Stochastics (14,3) | 92.15 | OVERBOUGHT | The high Stochastics value suggests IWF may be overbought. |
Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for IWF suggests low volalility. |
Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for IWF suggests a weak or negative trend. |
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 |
---|---|---|---|
418.96 | 393.88 | 25.08 (5.99%) | 16.70% |
An entry @418.96. This is a Buy Stop order right above the resistance zone. | An exit @393.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 25.08 points, which is 5.99%. | For a 1.00% total portfolio risk, you can invest 16.70% of your capital in this trade. |
409.17
-1.33 (-0.32%)