The Greedy Trader Weekly Analysis
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Indices ETFs Technical Analysis - EWI

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- 8/7/2026 -
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iShares MSCI Italy Index (EWI) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic bearish divergence
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It was a second positive week after 3 consecutive negative weeks for the iShares MSCI Italy Index (EWI). During the week, the EWI gained 1.75 points, or 2.84%, and closed at 63.35 on Friday, August 7, 2026. Weekly volume was 9% 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 (49.74) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 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 56.92 and resistance is at 64.48. 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. 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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 uptrend resistance line (60.07) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a short-term trend.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since July 29, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.23
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 92.52
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 86.45
Overbought
Moving Average Converg./Diverg. (MACD) 0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.32
Williams' Percentage Range (W%R) 1.70
Strong Overbought
Lane's Stochastic (%D-Slow) 84.76
Overbought
Greed/Fear Indicator (GFI) 80.03
Overbought
Moving Average Converg./Diverg. (MACD) 1.77
Trading Signals
Description Value Chart
Monthly Trendline Resistance 64.48
Upper Bollinger Band 63.83
Daily Stochastic Crossing 63.41
Price 63.35
Weekly Trendline Resistance 63.00
Weekly Stochastic Crossing 62.95
Parabolic System 61.37
20 Day Moving Average 61.20
50 Day Moving Average 60.27
Weekly Trendline Support 60.07
Lower Bollinger Band 59.10
Monthly Trendline Support 56.92
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 Broken Resistance
Resistance 63.00
Support 60.07
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 64.48
Support 56.92
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 50.40
Support 49.74
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.