iShares MSCI Singapore Index Fund (ETF) (NYSEARCA:EWS) Outlook

iShares MSCI Singapore Index Fund (ETF) (NYSEARCA:EWS) Outlook

iShares MSCI Singapore Index Fund (ETF) (NYSEARCA:EWS) Outlook

iShares MSCI Singapore Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Singaporean market, as measured by the MSCI Singapore Index (the Index).

The Index seeks to measure the performance of the Singaporean equity market. The Index is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization. The Fund invests in a representative sample of securities in the Index, which has a similar investment profile as the Index. iShares MSCI Singapore Index Fund’s investment advisor is Barclays Global Fund Advisors

ISH MSCI SGP CPD closed down -0.080 at 24.750. Volume was 30% below average (neutral) and Bollinger Bands were 54% wider than normal.

Open      High    Low     Close     Volume___
24.830 24.830 24.740 24.750 345,446

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 24.94 24.06 22.44
Volatility: 10 13 14
Volume: 505,859 514,688 571,762

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

 

ISH MSCI SGP CPD is currently 10.3% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into EWS (mildly bullish). Our trend forecasting oscillators are currently bullish on EWS and have had this outlook for the last 16 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.

 

Momentum

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 31.4813. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 58.00. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 2 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -21. This is not a topping or bottoming area. The last signal was a sell 3 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 1 period(s) ago.

 

 

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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