NYSEARCA:EWY - NYSE Arca - US4642867729 - ETF - Currency: USD
Taking everything into account, EWY scores 3 out of 10 in our technical rating. In the past year, EWY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
EWY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 57.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 55.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EWY in the last couple of days, which is a good sign.
50.73
2 important support areas can be observed.
We can see 2 important resistance areas.
55.81
-0.14 (-0.25%)