ISHARES USTECHNOLOGY ETF (IYW) Stock Technical Analysis
NYSEARCA:IYW - NYSE Arca - US4642877215 - ETF - Currency: USD
Taking everything into account, IYW scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IYW is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by IYW, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month IYW has a been trading in the 155.68 - 172.80 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, IYW did better than 81% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although IYW 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.
More info and screens
123.50
173.49
When analyzing the support we can see 4 important areas.
- A support zone ranging from 163.27 to 168.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 155.08 to 157.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @128.11 from a trend line in the weekly time frame.
- Support @124.75 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 IYW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IYW is up. |
| ChartMill Relative Strength | 81.01 | POSITIVE | IYW has a high relative strength, it outperformed 81.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IYW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IYW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IYW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.8 | OVERBOUGHT | The high RSI value suggests IYW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests IYW has a positive trend. |
| Stochastics (14,3) | 94.51 | OVERBOUGHT | The high Stochastics value suggests IYW may be overbought. |
| Average True Range in percent/ATR (20) | 1.32 | LOW VOLATILITY | The low ATR as a percentage value for IYW suggests low volalility. |
| Average Directional Index/ADX (14) | 29.27 | POSITIVE | The high ADX value value for IYW suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
171.77
+0.16 (+0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.09%
1 Week4.67%
2 Weeks3.64%
1 Month8.26%
3 Month22.12%
6 Month5.41%
12 Month14.13%
2 Year57.78%
3 Year114.85%
5 Year154.66%
10 Year556.43%
15 Year1231.55%
Volatility
ATR(14)2.24
ATR(20)%1.32%
ATR Inc-22.43%
Range Today2.02
ADR(20)1.99
ADR(20)%1.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.01
Mansfield0.5
10 Day High172.8
10 Day Low162.8
20 Day High172.8
20 Day Low155.68
52 Week High172.8
52 Week Low117.55
CS1 End168.51
CR1 StartN/A
Volume & EV
DER(3)1.71%
DER(5)1.05%
Volume608.90K
Volume Incr11.91%
Vol(5)815.66K
Vol(50)776.97K