Score 8.7 (out of 10): ISHARES MSCI MEXICO ETF sets up for +5.5% rally in 1 month

62

What’s Going On Here?

Economic growth in Mexico is expected to return to pre-pandemic levels by Q3 2022, according to the OECD (Organization for Economic Cooperation and Development). They see Mexico’s economy expanding by +2.3% in 2022 and +2.6% in 2023.

Why Now?

ISHARES MSCI MEXICO ETF has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, ISHARES MSCI MEXICO ETF shares had a median return of +5.5%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for ISHARES MSCI MEXICO ETF received a high score of 8.7 (out of 10). This insight was generated on 2022-February-23 with last price of 49.26.

What’s This Company About?

ISHARES MSCI MEXICO ETF is in the Country Fund- Mexico business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: EWW US.

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 51.99 (+5.5%) has been reached. Based on ISHARES MSCI MEXICO ETF’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 47.96 (last price at 49.26), which is equivalent to a -2.6% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

8.3% (December-2021), -0.9% (October-2021), 3.2% (July-2021), 5.9% (February-2021), 8.9% (July-2020), 8.1% (April-2020), 5.2% (December-2019), 10.1% (August-2019), – 1.2% (May-2019), 2% (March-2019).

Historical Chart:

———————————————————————

Summary:

NameISHARES MSCI MEXICO ETF
ViewUp
Star (1 to 10)8.7
Target+5.5%
Time1 month
Hist Rate80%

Popular Insights:

INFOSYS has denied that the company is launching a crypto project. But the company continues to expand aggressively in Costa Rico. ‘Wall Street’ analysts’ think the shares will rally +22% over the next 12 months.

Leave a Reply