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iShares MSCI Brazil Index Fund (EWZ) - Buy, Sell or Hold?

Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 21 Jul 2017NoneBearish EngulfingFri, 09 Jun 20178.24%
***Stock database and scans are updated around midnight (New York time) every trading day.
37.06 0.00 (0%) Jul 21 4:00pm EDT
Open: 37.45 Range: 37.00 - 37.49 Vol: 8.78M Avg Vol: 19.61M
EPS: 8.90 P/E ratio: 0.00 EBITDA: N/A Mkt Cap: N/A
Analyze "EWZ" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 37.09
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 35.21
Last Trade is above the 50 day moving average at 35.25
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 35.89
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of EWZ

ETF Trend Analysis - Buy, Sell or Hold "iShares MSCI Brazil Index Fund" (EWZ)?

EWZ is in a very strong uptrend. In the last 52 weeks, EWZ has been trading above the 200 day moving average for 85% of the time with an average daily volume of 19.6M shares being traded. For the medium term however, the 50 day moving average is indicating a trading range with a bearish downward bias. EWZ's upward trend appears to be weakening but it is still not confirmed by the 200 SMA. Confidence in the buy the dips strategy seems to be waning. The 20 day moving average seems to be confirming the 50 SMA as it is also indicating a trading range with a bearish bias. Weakness in both the 20 and 50 SMA could indicate a temporary retracement of the uptrend or early stages of a major trend reversal. Objectively however, the long term trend is still up strongly and the higher probability trade would be to identify underlying strength in the 20 and 50 SMA and use it to time taking long/buy positions in EWZ. Some good levels to consider entering long positions in EWZ are at the 50 and 200 SMAs currently at 35.25 and 35.89 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "EWZ".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 21 Jul 2017
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