In its most recent trading session, iShares MSCI New Zealand ETF (NASDAQ:ENZL) spiked up by 0.7% – here is what that looked like (as of 2019-12-26):
What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.01, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.322, an Accumulation/Distribution Index (ADI) of 0.322, an On-Balance Volume (OBV) of 459.014, and a Chaiikin Money Flow (CMF) of -57.3. 0.546
Now let’s plug these indicators in. Consulting Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for iShares MSCI New Zealand ETF (NASDAQ:ENZL). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.