The Greedy Trader Weekly Analysis
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Indices ETFs Technical Analysis - EWI

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- 8/21/2026 -
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iShares MSCI Italy Index (EWI) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic is oversold
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It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI gave back -0.36 points, or -0.57%, and closed at 62.91 on Friday, August 21, 2026. It was the worst weekly loss since June 26, 2026. Weekly volume was -62% below 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 (50.05) 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 trend support level is at 57.50 and resistance is at 65.06. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 24, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EWI short-term trend chart]
A short-term uptrend had started on March 20, 2026 at 50.48 and reached 63.76 on August 6, 2026. EWI gained -13.28 points, or -26.31%, in 139 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 61.02 and resistance is at 64.13. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.11
Williams' Percentage Range (W%R) 21.10
Lane's Stochastic (%D-Slow) 14.40
Oversold
Greed/Fear Indicator (GFI) 51.48
Moving Average Converg./Diverg. (MACD) 0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.95
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 85.49
Overbought
Greed/Fear Indicator (GFI) 78.51
Moving Average Converg./Diverg. (MACD) 1.88
Trading Signals
Description Value Chart
Monthly Trendline Resistance 65.06
Upper Bollinger Band 64.40
Weekly Trendline Resistance 64.13
Parabolic System 63.76
Weekly Stochastic Crossing 63.14
Price 62.91
Daily Stochastic Crossing 62.81
20 Day Moving Average 62.51
50 Day Moving Average 61.08
Weekly Trendline Support 61.02
Lower Bollinger Band 60.41
Monthly Trendline Support 57.50
Quarterly Trendline Resistance 50.62
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 58.51
Low Date 06/29/2026
High 63.76
High Date 08/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 64.13
Support 61.02
Low 50.48
Low Date 03/20/2026
High 63.76
High Date 08/06/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 65.06
Support 57.50
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 50.62
Support 50.05
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.