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Indices ETFs Technical Analysis - EWI

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- 10/2/2026 -
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iShares MSCI Italy Index (EWI) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversoldBroken trend support line
Daily :The price is below the lower Bollinger BandBroken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI dropped -3.00 points, or -4.97%, and closed at 57.40 on Friday, October 2, 2026. Weekly volume was 13% above average.

Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 20.99 and reached 63.76 on August 6, 2026. EWI gained -42.77 points, or -203.76%, in 199 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (50.92) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See EWI medium-term trend chart]
A medium-term uptrend had started on December 20, 2024 at 35.20 and reached 63.76 on August 6, 2026. EWI gained -28.56 points, or -81.14%, in 84 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (58.45) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EWI may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 4, 2026. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See EWI short-term trend chart]
A short-term downtrend had started on August 6, 2026 at 63.76 and reached 56.70 on October 2, 2026. EWI lost 7.06 points, or 11.07%, in 57 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (59.17) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since August 17, 2026. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.88
Williams' Percentage Range (W%R) 97.20
Strong Oversold
Lane's Stochastic (%D-Slow) 14.21
Oversold
Greed/Fear Indicator (GFI) 15.30
Oversold
Moving Average Converg./Diverg. (MACD) -0.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.10
Williams' Percentage Range (W%R) 97.90
Strong Oversold
Lane's Stochastic (%D-Slow) 32.95
Greed/Fear Indicator (GFI) 26.45
Moving Average Converg./Diverg. (MACD) 1.74
Trading Signals
Description Value Chart
Monthly Trendline Resistance 66.10
Upper Bollinger Band 62.59
50 Day Moving Average 61.53
20 Day Moving Average 60.31
Weekly Trendline Resistance 60.25
Parabolic System 59.40
Weekly Trendline Support 59.17
Weekly Stochastic Crossing 58.49
Monthly Trendline Support 58.45
Lower Bollinger Band 57.57
Price 57.40
Daily Stochastic Crossing 57.11
Quarterly Trendline Resistance 51.24
Quarterly Trendline Support 50.92
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 61.33
High Date 09/21/2026
Low 56.70
Low Date 10/02/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 60.25
Support 59.17
High 63.76
High Date 08/06/2026
Low 56.70
Low Date 10/02/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 66.10
Support 58.45
Low 35.20
Low Date 12/20/2024
High 63.76
High Date 08/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 51.24
Support 50.92
Low 20.99
Low Date 10/13/2022
High 63.76
High Date 08/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.84
Low Date 03/16/2020
High 63.76
High Date 08/06/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.