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Archive
- 1/9/2026 -
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iShares MSCI Australia Index (EWA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the iShares MSCI Australia Index (EWA). During the week, the EWA gave back -0.21 points, or -0.79%, and closed at 26.26 on Friday, January 9, 2026. Weekly volume was 50% above 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 27.57 on September 15, 2025. EWA gained -8.38 points, or -43.67%, in 152 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 21.09 and resistance is at 28.77. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See EWA medium-term trend chart]
A medium-term downtrend had started on September 15, 2025 at 27.57 and reached 24.94 on November 20, 2025. EWA lost 2.63 points, or 9.54%, in 9 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 23.81 and resistance is at 27.56. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 10, 2025. 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 EWA short-term trend chart]
A short-term uptrend had started on November 20, 2025 at 24.94 and reached 26.79 on December 12, 2025. EWA gained -1.85 points, or -7.42%, in 22 days. The chart has formed a Symmetric Triangle chart pattern.
Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 22, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (26.09) comes close to the price (26.26). 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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