TRU-SENTIMENT · DeltaNeutral

EWZ Trading Analysis - 09/11/2026 03:06 PM — TRU-SENTIMENT

Options chain · Stock chart · Baseline chart

EWZ (iShares MSCI Brazil ETF) at $37.98. True Sentiment Bullish, delta 40-60 call 78% / put 22%, call $1,689,793 vs put $465,857. RSI 72.8.

Symbol: EWZ
Price: $37.98
Article bias (separate from True Sentiment): bullish
Conviction: medium
Published: 2026-09-11 15:06:00 ET
Author: DeltaNeutral staff

TRUE SENTIMENT ANALYSIS (DELTA 40-60 OPTIONS)

True Sentiment Analysis (Delta 40-60 Options):

Overall options flow sentiment: Bullish

Call vs Put dollar volume:

Call Volume: $1,689,793 (78.4%) Put Volume: $465,857 (21.6%) Total: $2,155,650

Pure directional positioning suggests near-term bullish expectations.

Key Statistics: EWZ

$38.56 +0.00%

52-Week Range

$28.66 - $42.02

Market Cap

N/A

P/E (TTM)

N/A

PEG Ratio

N/A

Beta

N/A

Next Earnings

N/A

Avg Volume

$29.01M

Dividend Yield

N/A

📈 Analysis

News Headlines & Context:

Fundamental Analysis:

No fundamental data provided.

Current Market Position:

Current price: $37.99

Recent price action: The stock has been trading in a range, with a recent uptrend.

Key support and resistance levels:

Support

$35.72

Resistance

$39.10

Intraday momentum and trends: The stock is showing a slight uptrend in the last few minutes, with a price increase of $0.05.

Technical Analysis:

SMA trends:

SMA 5

$38.22

SMA 20

$36.15

SMA 50

$35.74

RSI: 72.78 (overbought)

MACD: Bullish (MACD: 0.88, Signal: 0.7, Histogram: 0.18)

Bollinger Bands:

Middle

$36.15

Upper

$39.50

Lower

$32.81

30-day high/low: The stock is trading near its 30-day high.

True Sentiment Analysis (Delta 40-60 Options):

Overall options flow sentiment: Bullish

Call vs Put dollar volume:

Call Volume: $1,689,793 (78.4%) Put Volume: $465,857 (21.6%) Total: $2,155,650

Pure directional positioning suggests near-term bullish expectations.

Key Price Levels (observational only):

Support: $35.72, $36.15

Resistance: $39.10, $40.00

25-Day Price Forecast:

EWZ is projected for $38.50 to $41.20

Based on current technical trends, momentum, and indicators, the stock is expected to continue its uptrend.

Reasoning:

SMA 5 and 20 are trending upwards.
RSI is in overbought territory, but MACD is bullish.
Bollinger Bands are expanding.
Recent price action and intraday momentum.

Defined Risk Strategy Recommendations:

Based on the price forecast, consider the following defined risk strategies:

Bull Call Spread: Buy EWZ 261016C00038000 (1.92) and sell EWZ 261016C00040000 (1.11).

Risk/Reward

1:1.73

Max Profit

$0.81

Max Loss

$1.11
Bear Put Spread: Not recommended as options sentiment is bullish.
Iron Condor: Sell EWZ 261016C00038000 (1.92) and buy EWZ 261016C00040000 (1.11), sell EWZ 261016P00036000 (0.95) and buy EWZ 261016P00034000 (0.27).

Risk/Reward

1:2.15

Max Profit

$0.97

Max Loss

$2.10

Risk Factors:

Technical warning signs: Overbought RSI.
Sentiment divergences: None.
Volatility and ATR considerations: ATR is $0.89.
What could invalidate the thesis: Unexpected economic downturn or trade tensions.

Summary & Conviction Level:

Overall bias: Bullish

Conviction level: High

One-line trade idea: Consider buying EWZ with a target of $40.00.

View EWZ Options Chain

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice, investment recommendations, or an offer to sell or buy any securities. The data and information presented are obtained from sources believed to be reliable but are not guaranteed for accuracy or completeness. Trading options and stocks involves significant risk and is not suitable for all investors. You should consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results.