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Archive
- 5/23/2025 -
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iShares MSCI Australia Index (EWA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA climbed 0.18 points, or 0.71%, and closed at 25.65 on Friday, May 23, 2025. Weekly volume was -22% below average.
 Long-term trend: [See EWA long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 19.19 and reached 27.23 on September 30, 2024. EWA gained -8.04 points, or -41.90%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 22.36 and resistance is at 28.02. 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 long-term trend.
 Medium-term trend: [See EWA medium-term trend chart]
A medium-term downtrend had started on September 30, 2024 at 27.23 and reached 20.51 on April 7, 2025. EWA lost 6.72 points, or 24.68%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (19.10) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 above its signal line since April 25, 2025. 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 EWA short-term trend chart]
A short-term uptrend had started on May 22, 2025 at 25.33 and reached 25.71 on May 23, 2025. EWA gained -0.38 points, or -1.50%, in 1 days. The price is now at the 15.79% retracement level.
 Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
25.33 |
| Low Date |
05/22/2025 |
| High |
25.71 |
| High Date |
05/23/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
20.51 |
| Low Date |
04/07/2025 |
| High |
25.76 |
| High Date |
05/21/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Broken Resistance |
| Resistance |
24.51 |
| Support |
19.10 |
| High |
27.23 |
| High Date |
09/30/2024 |
| Low |
20.51 |
| Low Date |
04/07/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Valid |
| Resistance |
28.02 |
| Support |
22.36 |
| Low |
19.19 |
| Low Date |
10/13/2022 |
| High |
27.23 |
| High Date |
09/30/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
12.73 |
| Low Date |
03/23/2020 |
| High |
27.43 |
| High Date |
06/08/2021 |
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