Is iShares MSCI China Small-Cap ETF ($:ECNS) Ready For a Pivot? Fibonacci at 47.006668

Scanning the equity markets, it is quite obvious that there are plenty of stocks to choose from. This may make things a bit overwhelming for the beginner investor, but it should also be seen as a great opportunity. Of course, studying up on every single stock may be nearly impossible. Just focusing in on a few different stocks at a time that pique the interest may be the way to start. Investors are often bombarded with stock picking strategies and sure bet winners. Some of the information might end up being correct, but a lot of it may turn out to be nonsense. If investors decide to manage their own money, they may want to make sure that no stone is left unturned. Doing the proper amount of research can work wonders for the health of a portfolio over the course of time. Following a proven market guru may work for some, but it may leave others with many questions that have gone unanswered. What works for one investor may not work for another.

Traders using technical analysis may be employing moving average indicators to assist with gauging a certain market move or to indicate its strength. Many traders will rely on the EMA or Exponential Moving Average to accomplish this. Checking on some recent levels for iShares MSCI China Small-Cap ETF (:ECNS), we can see that the 10 day EMA is 46.639145, the 20 day is 45.99013, and the 30 day is 45.97622. Pulling back a bit, we note that the 100 day EMA is 46.740948, the 50 day is 46.392776, and the 200 day EMA is 46.79322.

A good way for investors to understand stock price movements is to look at how it has performed at various intervals in the past. Tracking shares of iShares MSCI China Small-Cap ETF (:ECNS), we see that the most recent close price was 47.2
Year-to-date: 20.72844
Prior week: -0.035574377
Prior month: 5.4931846
Last 6 months:7.2913637
Last 3 months: 18.987272

After a recent check, we see that the Bull Bear Power reading is 1.677004. Moving to some volatility readings, we see that the current value is 1.177594. Looking out for the week, volatility is 0.89470714. For the previous month, volatility is at 1.1263838. Investors often track volatility across sectors to compare with the overall volatility in the market.

Traders use pivot point analysis to help determine key levels where a stock price may react. Tracking these turn around levels may help the trader while attempting stock analysis. Looking at some current one month pivots, we note that the Fibonacci pivot is 47.006668 while the Fibonacci support 1 pivot is 46.796566, and the Fibonacci support 2 is 46.666767. Checking on the one month Woodie pivot, we note the level at 47.0525. The Woodie support 1 pivot is 46.915, and the Woodie resistance 1 pivot is 47.465.

Following recent trading activity, we note that iShares MSCI China Small-Cap ETF (:ECNS) has seen a move of -1.0067114% since the open. The prior close was 47.2 and the one month high price is currently 47.83.

Shifting the technical focus to Keltner Channels, we see that the 20 day upper envelope is 46.609398. The 20 day lower envelope is currently 45.370865. Traders may be watching for a breakthrough of the higher or lower Keltner bands.

Investors might be taking a closer look into the crystal ball to try and decipher what is in store for the second half of the year in the stock market. While cautious optimism may be the prevailing sentiment, many investors will be looking to take the portfolio to the next level. With markets still riding high, the big question is whether the momentum will push stocks higher or if the bears start to take over. There may still be a few undervalued stocks with much more upside potential ready to make big moves. Finding these stocks may involve doing a little more homework. Investors may be looking to take advantage of any little sell-off that might provide some bargain buying opportunities.    

Investors might be looking around every corner when analyzing shares of iShares MSCI China Small-Cap ETF (:ECNS). Many investors will closely track a stock when it nears a major historical high or low point. Let’s take a quick peek at some major historical highs and lows for the stock:

All time high: 70.48
All time low: 30.261
52 week high: 56.49
52 week low: 37.59
6 month high: 47.83
6 month low: 37.59
3 month high: 47.83
3 month low: 39.56
One month high: 47.83
One month low: 44