The Greedy Trader Weekly Analysis
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Indices ETFs Technical Analysis - EWI

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- 10/16/2026 -
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iShares MSCI Italy Index (EWI) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week for the iShares MSCI Italy Index (EWI). During the week, the EWI climbed 0.13 points, or 0.23%, and closed at 56.45 on Friday, October 16, 2026. Weekly volume was -55% 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 (51.22) 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 (59.01) 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 medium-term trend.

Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 below its signal line since September 4, 2026. The distance between MACD and the signal line is near its 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 55.42 on October 8, 2026. EWI lost 8.34 points, or 13.08%, in 63 days. The price is now at the 12.35% retracement level.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

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 distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 25.24
Williams' Percentage Range (W%R) 77.00
Lane's Stochastic (%D-Slow) 33.72
Greed/Fear Indicator (GFI) 27.33
Moving Average Converg./Diverg. (MACD) -1.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.34
Williams' Percentage Range (W%R) 83.70
Oversold
Lane's Stochastic (%D-Slow) 15.89
Oversold
Greed/Fear Indicator (GFI) 25.25
Moving Average Converg./Diverg. (MACD) 1.38
Trading Signals
Description Value Chart
Monthly Trendline Resistance 66.66
Upper Bollinger Band 61.43
50 Day Moving Average 60.52
Monthly Trendline Support 59.01
20 Day Moving Average 58.06
Price 56.45
Weekly Stochastic Crossing 56.44
Daily Stochastic Crossing 56.01
Parabolic System 55.49
Lower Bollinger Band 54.35
Quarterly Trendline Resistance 51.46
Quarterly Trendline Support 51.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.84
Low Date 10/14/2026
High 57.01
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.76
High Date 08/06/2026
Low 55.42
Low Date 10/08/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 66.66
Support 59.01
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 51.46
Support 51.22
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.