EWT Stock Summary and Trading Ideas (iShares MSCI Taiwan ETF | ARCA:EWT)

The iShares MSCI Taiwan ETF seeks to provide investment results that correspond generally to the price and yield performance before fees and expenses of publicly traded securities in the Taiwanese market as measured by the MSCI Taiwan 25/50 Index.

iShares MSCI Taiwan ETF trades on the ARCA stock market under the symbol EWT.

As of April 19, 2024, EWT stock price declined to $46.02 with 490,161 million shares trading.

EWT has a beta of 0.96, meaning it tends to be less sensitive to market movements. EWT has a correlation of 0.47 to the broad based SPY ETF.

EWT has a market cap of $3.96 billion. This is considered a Mid Cap stock.

In the last 3 years, EWT stock traded as high as $68.40 and as low as $39.75.

EWT has underperformed the market in the last year with a price return of +10.8% while the SPY ETF gained +22.3%. However, in the short term, EWT had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.7% vs +5.3% return in SPY. But in the last 2 weeks, EWT shares have been beat by the market, returning -5.3% compared to an SPY return of -2.6%.

EWT support price is $46.18 and resistance is $47.20 (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 EWT stock will trade within this expected range on the day.