EWZ Stock Summary and Trading Ideas (iShares MSCI Brazil ETF | ARCA:EWZ)

The iShares MSCI Brazil 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 Brazilian market as measured by the MSCI Brazil 25/50 Index.

iShares MSCI Brazil ETF trades on the ARCA stock market under the symbol EWZ.

As of April 18, 2024, EWZ stock price declined to $30.11 with 21,452,726 million shares trading.

EWZ has a beta of 0.80, meaning it tends to be less sensitive to market movements. EWZ has a correlation of 0.21 to the broad based SPY ETF.

EWZ has a market cap of $4.73 billion. This is considered a Mid Cap stock.

In the last 3 years, EWZ stock traded as high as $42.05 and as low as $25.00.

EWZ has underperformed the market in the last year with a price return of +9.9% while the SPY ETF gained +22.3%. EWZ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.4% and -6.2%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

EWZ support price is $29.75 and resistance is $30.59 (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 EWZ stock will trade within this expected range on the day.