PROSHARES ULTSHRT MSCI JAPAN (EWV) Stock Technical Analysis
NYSEARCA:EWV - NYSE Arca - US74349Y7123 - ETF - Currency: USD
Overall EWV gets a technical rating of 1 out of 10. EWV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
EWV is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month EWV has a been trading in the 38.48 - 41.61 range, which is quite wide. It is currently trading near the lows of this range.
Warning: EWV has an average volume of 3160 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When compared to the yearly performance of all other stocks, EWV outperforms 47% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
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 support zone below the current price at 38.14, a Stop Loss order could be placed below this zone.
More info and screens
37.45
44.36
When analyzing the support we notice one important area.
- A support zone ranging from 37.83 to 38.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 38.97 to 39.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 40.56 to 41.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.25 from a trend line in the weekly time frame.
- Resistance @43.02 from a trend line in the daily time frame.
- Resistance @43.92 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.96
Mansfield-0.99
10 Day High41.02
10 Day Low38.48
20 Day High41.61
20 Day Low38.48
52 Week High53.6
52 Week Low36.36
Performance
1 Week-4.81%
2 Weeks-3.04%
1 Month-1.95%
3 Month1.22%
6 Month-9.21%
12 Month-3.44%
2 Year-36.39%
3 Year-35.63%
5 Year-68.85%
10 Year-81.26%
15 Year-94.24%
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)41.98
LBB38.26
UBB40.7
NYSEARCA:EWV (3/7/2025, 8:22:40 PM)
38.6044
-0.58 (-1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.47%
1 Week-4.81%
2 Weeks-3.04%
1 Month-1.95%
3 Month1.22%
6 Month-9.21%
12 Month-3.44%
2 Year-36.39%
3 Year-35.63%
5 Year-68.85%
10 Year-81.26%
15 Year-94.24%
Volatility
ATR(14)0.93
ATR(20)%2.28%
ATR Inc-14.56%
Range Today0.89
ADR(20)0.6
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.96
Mansfield-0.99
10 Day High41.02
10 Day Low38.48
20 Day High41.61
20 Day Low38.48
52 Week High53.6
52 Week Low36.36
CS1 End38.14
CR1 Start38.97
Volume & EV
DER(3)-6.35%
DER(5)0.96%
Volume3.00K
Volume Incr370%
Vol(5)9.40K
Vol(50)3.16K