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iShares MSCI Germany Index
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|It was the negative week for the iShares MSCI Germany Index (EWG). During the week, the EWG gave back -0.02 points, or -0.07%, and closed at 30.63 on Friday, July 13, 2018. Weekly volume was -37% below average. |
Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 22.51 and reached 35.87 on January 24, 2018. EWG gained -13.36 points, or -59.35%, in 82 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (33.96) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
Medium-term trend: [See EWG medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 35.87 and reached 29.32 on June 28, 2018. EWG lost 6.55 points, or 18.26%, in 22 weeks. The price is now at the 20% retracement level.
Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See EWG short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 29.32 and reached 30.97 on July 10, 2018. EWG gained -1.65 points, or -5.63%, in 12 days. The price is now at the 20.61% retracement level.
Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 5, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.