Taking everything into account, EWK scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, EWK has proven to be a steady performer, scoring decent points in every aspect analyzed.
EWK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.27, a Stop Loss order could be placed below this zone.
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17.85
3 important support areas can be observed.
- A support zone ranging from 23.14 to 24.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.23 to 22.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.03 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.36 to 24.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 EWK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWK is up. |
| ChartMill Relative Strength | 82.6 | POSITIVE | EWK has a high relative strength, it outperformed 82.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EWK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.01 | NEUTRAL | The RSI value for EWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EWK has a positive trend. |
| Stochastics (14,3) | 85.19 | OVERBOUGHT | The high Stochastics value suggests EWK may be overbought. |
| Average True Range in percent/ATR (20) | 0.89 | LOW VOLATILITY | The low ATR as a percentage value for EWK suggests low volalility. |
| Average Directional Index/ADX (14) | 15.33 | NEGATIVE | The low ADX value for EWK 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 |
|---|---|---|---|
| 24.39 | 24.00 | 0.39 (1.60%) | 25.00% |
| An entry @24.39. This is a Buy Stop order right above the resistance zone. | An exit @24.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.39 points, which is 1.60%. | For a 0.40% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
24.34
-0.04 (-0.16%)
ISHARES MSCI BELGIUM ETF / EWK FAQ
Can you provide the ChartMill technical rating for ISHARES MSCI BELGIUM ETF?
ChartMill assigns a technical rating of 10 / 10 to EWK.
What is the trend direction for EWK stock?
The current trend direction for ISHARES MSCI BELGIUM ETF (EWK) is Bullish.
Can you provide the RSI signal for ISHARES MSCI BELGIUM ETF?
ISHARES MSCI BELGIUM ETF (EWK) has an RSI value of 58.0135. This indicates that the stock is currently neutral.
What is the MACD signal for EWK stock?
The MACD indicator for ISHARES MSCI BELGIUM ETF (EWK) has a value of 0.00707015, indicating a bearish trend.
What is the buy/sell signal for ISHARES MSCI BELGIUM ETF (EWK) stock?
The buy/sell signal for ISHARES MSCI BELGIUM ETF (EWK) is buy as both the short term and long term trends are positive.