|
|
Archive
- 12/13/2024 -
Sign In to see current Signals. |
iShares MSCI Germany Index (EWG) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the iShares MSCI Germany Index (EWG). During the week, the EWG gave back -0.27 points, or -0.81%, and closed at 33.12 on Friday, December 13, 2024. Weekly volume was 55% above average.
 Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 19.35 and reached 34.12 on September 27, 2024. EWG gained -14.77 points, or -76.33%, in 104 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 31.04 and resistance is at 34.54. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See EWG medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 34.12 and reached 31.03 on November 13, 2024. EWG lost 3.09 points, or 9.06%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (29.74) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWG may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since November 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 November 13, 2024 at 31.03 and reached 33.54 on December 6, 2024. EWG gained -2.51 points, or -8.09%, in 23 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since November 26, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (32.94) comes close to the price (33.12). It indicates that the trend is getting weaker. 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.
| |
|
|