ENZL Stock Summary and Trading Ideas (iShares MSCI New Zealand ETF | NASDAQ:ENZL)

The iShares MSCI New Zealand ETF (the "Fund") seeks to track the investment results of a broad-based index composed of New Zealand equities. The Fund seeks to track the investment results of the MSCI New Zealand All Cap Top 25 Capped Index (the "Underlying Index"). The Underlying Index is a subset of the MSCI New Zealand All Cap Index (the "Parent Index"), which comprises all large-, mid-, small-, and micro-capitalization stocks listed in New Zealand. The Underlying Index is a free float- adjusted market capitalization weighted index that includes the 25 largest constituents in the Parent Index and is constrained such that no single "group entity" exceeds 25% of the Underlying Index weight and the sum of all group entities with a weight above 5% does not exceed an aggregate of 50% of the Underlying Index weight, as determined by MSCI Inc.

iShares MSCI New Zealand ETF trades on the NASDAQ stock market under the symbol ENZL.

As of December 13, 2024, ENZL stock price climbed to $45.78 with 2,957 million shares trading.

ENZL has a market cap of $82.40 million. This is considered a Micro Cap stock.

In the last 3 years, ENZL traded as high as $59.88 and as low as $39.50.

ENZL has underperformed the market in the last year with a price return of -1.6% while the SPY ETF gained +29.9%. ENZL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.4% and -6.2%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

ENZL support price is $45.01 and resistance is $46.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ENZL shares will trade within this expected range on the day.