EWW Stock Summary and Trading Ideas (iShares MSCI Mexico ETF | ARCA:EWW)

The iShares MSCI Mexico ETF seeks to track the investment results of a broad-based index composed of Mexican equities. The Fund seeks to track the investment results of the MSCI Mexico IMI 25/50 Index (the Underlying Index ), which consists of stocks traded primarily on the Mexican Stock Exchange. The Underlying Index is a free float-adjusted market capitalization-weighted index with a capping methodology applied to issuer weights so that no single issuer of a component exceeds 25% of the Underlying Index weight, and all issuers with a weight above 5% do not cumulatively exceed 50% of the Underlying Index weight. The Underlying Index may include large-, mid- or small-capitalization companies.

iShares MSCI Mexico ETF trades on the ARCA stock market under the symbol EWW.

As of April 19, 2024, EWW stock price declined to $64.25 with 280,343 million shares trading.

EWW has a beta of 0.80, meaning it tends to be less sensitive to market movements. EWW has a correlation of 0.23 to the broad based SPY ETF.

EWW has a market cap of $2.00 billion. This is considered a Small Cap stock.

In the last 3 years, EWW stock traded as high as $71.12 and as low as $43.65.

EWW has underperformed the market in the last year with a price return of +10.1% while the SPY ETF gained +22.0%. EWW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.5% and -7.3%, respectively, while the SPY returned +5.0% and -2.8%, respectively.

EWW support price is $64.19 and resistance is $65.65 (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 EWW stock will trade within this expected range on the day.