We assign a technical rating of 0 out of 10 to EWV. EWV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
EWV has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.73, a Stop Loss order could be placed below this zone.
More info and screens
24.68
We found 2 important support areas.
- A support zone ranging from 25.36 to 25.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 25.82 to 27.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.34 from a horizontal line in the daily time frame.
- Resistance @29.01 from a horizontal line in the daily time frame.
- Resistance @29.66 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 | DOWN | NEGATIVE | The long term trend for EWV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EWV is neutral. |
| ChartMill Relative Strength | 14.03 | NEGATIVE | EWV has a low relative strength, it was outperformed by 85.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EWV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EWV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EWV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.13 | NEUTRAL | The RSI value for EWV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EWV has a positive trend. |
| Stochastics (14,3) | 62.61 | NEUTRAL | The Stochastics value for EWV is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for EWV suggests some volalility. |
| Average Directional Index/ADX (14) | 10.76 | NEGATIVE | The low ADX value for EWV suggests a weak or negative trend. |
25.745
+0.1 (+0.38%)
PROSHARES ULTSHRT MSCI JAPAN / EWV FAQ
What is the technical rating for EWV stock?
ChartMill assigns a technical rating of 0 / 10 to EWV.
Can you provide the trend direction for PROSHARES ULTSHRT MSCI JAPAN?
The current trend direction for PROSHARES ULTSHRT MSCI JAPAN (EWV) is Bearish.
Can you provide the RSI signal for PROSHARES ULTSHRT MSCI JAPAN?
PROSHARES ULTSHRT MSCI JAPAN (EWV) has an RSI value of 48.1313. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PROSHARES ULTSHRT MSCI JAPAN?
The MACD indicator for PROSHARES ULTSHRT MSCI JAPAN (EWV) has a value of 0.0312951, indicating a bearish trend.