MAY SALE: Save over 60% on our Pro Plans!

EWJ finds buyers again around 61.07


Technical Analysis Report for EWJ - May 17, 2018 [< 1 min read]
Highlights
EWJ finds buyers again around 61.07
EWJ stuck within tight trading range
EWJ closes within previous day's range
EWJ ends the day indecisive
TQ Sentiment
Technical Forecast:
Overview

EWJ ended Thursday at 61.16 edging lower $0.01 (-0.02%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for EWJ
Volatility

Thursday's trading range was $0.26 (0.43%), that's slightly below last trading month's daily average range of $0.32. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 60.94 and 61.33 which it has been in now for the last three days.

Support/Resistance

Prices are trading close to a key support level at 60.94. After having been unable to move lower than 61.04 in the prior session, the market found buyers again around the same price level today at 61.07.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying might speed up should prices move above the close-by swing high at 61.66 where further buy stops could get triggered. Selling might accelerate should prices move below the nearby swing low at 60.94 where further sell stops could get activated.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bullish.

Report Market Conditions
ConditionForecastDirectionWinAvgWorstBest
Low close to previous low TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Close to Swing High TQ Pro Members Only
Close to Swing Low TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

EWJ finds buyers again around 60.97

May 21, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when iShares MSCI Japan ETF traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup

Exchange Traded Funds Top Movers

CRUDE 72.661.18 1.65%
INDU 25,013.29298.20 1.21%
FTSE 7,859.1780.37 1.03%
SPX 2,733.0120.04 0.74%
HSI 31,234.35186.44 0.60%
DXY 93.475-0.125 -0.13%
NATGAS 2.864-0.006 -0.21%
DAX 13,077.72-36.89 -0.28%
GBPUSD 1.3425-0.0043 -0.32%
BTCUSD 8,414.53-100.03 -1.17%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Exchange Traded Funds

SPY 10 day candlestick chart for SPY273.36 2.03
0.75%
XLF 10 day candlestick chart for XLF28.16 0.21
0.75%
EEM 10 day candlestick chart for EEM46.35 0.28
0.61%
GDX 10 day candlestick chart for GDX22.33 0.14
0.63%
VXX 10 day candlestick chart for VXX34.23 -1.07
-3.03%
QQQ 10 day candlestick chart for QQQ168.40 0.94
0.56%
UVXY 10 day candlestick chart for UVXY11.19 -0.56
-4.77%
IWM 10 day candlestick chart for IWM162.94 1.07
0.66%
USO 10 day candlestick chart for USO14.67 0.24
1.66%
IWC 10 day candlestick chart for IWC103.93 0.30
0.29%