iShares MSCI South Africa ETF (EZA)

iShares MSCI South Africa ETF is trading at $67.00, down 1.75% on the session. The 50 day average sits at $64.57 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 58.9, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $66.37 with resistance near $69.07, so that band frames the current range. Average daily movement is roughly $1.40, or about 2.1% of the share price, which is what any stop placement has to allow for. The overall health score of 73 out of 100 combines a trend score of 68, momentum of 82 and a risk score of 67.

The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The underlying index is designed to measure the performance of the large- and mid-capitalization segments of the equity market in South Africa. The underlying index uses a capping methodology that limits the weight of any single “group entity” to a maximum of 25% of the underlying index weight. The fund is non-diversified.