ISHARES USTECHNOLOGY ETF (IYW) Stock Technical Analysis
USA - NYSEARCA:IYW - US4642877215 - ETF
194.73 USD
-2.65 (-1.34%)
194.51 USD
-0.22 (-0.11%)
Overall IYW gets a technical rating of 8 out of 10. 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
IYW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IYW has a been trading in the 187.26 - 201.50 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
IYW has an average volume of 1221710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that IYW is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
IYW has an excellent technical rating, but the quality of the setup is 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.
More info and screens
123.50
202.87
4 important support areas can be observed.
- A support zone ranging from 192.79 to 192.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @177.24 from a horizontal line in the daily time frame.
- Support @127.46 from a trend line in the weekly time frame.
- Support @124.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 195.82 to 197.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @200.86 from a horizontal line 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 | UP | POSITIVE | The long term trend for IYW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IYW is neutral. |
| ChartMill Relative Strength | 80.09 | POSITIVE | IYW has a high relative strength, it outperformed 80.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IYW is below 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) | 52.11 | NEUTRAL | The RSI value for IYW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests IYW has a negative trend. |
| Stochastics (14,3) | 39.11 | NEUTRAL | The Stochastics value for IYW is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for IYW suggests low volalility. |
| Average Directional Index/ADX (14) | 24.93 | NEUTRAL | The ADX value for IYW suggests a possible start of a new 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)
194.73
-2.65 (-1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.34%
1 Week-1.55%
2 Weeks-0.58%
1 Month2.48%
3 Month8.96%
6 Month48.28%
12 Month25.47%
2 Year87.75%
3 Year154.92%
5 Year166.08%
10 Year613.04%
15 Year1163.05%
Volatility
ATR(14)3.24
ATR(20)%1.61%
ATR Inc65.04%
Range Today4.09
ADR(20)2.74
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.09
Mansfield0.79
10 Day High201.5
10 Day Low192.62
20 Day High201.5
20 Day Low187.26
52 Week High201.5
52 Week Low117.55
CS1 End192.83
CR1 Start195.82
Volume & EV
DER(3)-3.9%
DER(5)0.32%
Volume516.90K
Volume Incr-54.42%
Vol(5)950.20K
Vol(50)1.22M