|
|
Downtrend Broken Resist.Archive
- 12/20/2024 -
Sign In to see current Signals. |
iShares MSCI Australia Index (EWA) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the iShares MSCI Australia Index (EWA). During the week, the EWA dropped -1.33 points, or -5.30%, and closed at 23.77 on Friday, December 20, 2024. Weekly volume was -37% below average.
 Long-term trend: [See EWA long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 12.73 and reached 27.43 on June 8, 2021. EWA gained -14.70 points, or -115.48%, in 63 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (23.43) 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 EWA medium-term trend chart]
A medium-term downtrend had started on September 30, 2024 at 27.23 and reached 23.54 on December 20, 2024. EWA lost 3.69 points, or 13.55%, in 11 weeks. The price is now at the 6.23% retracement level.
 Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 October 25, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See EWA short-term trend chart]
A short-term downtrend had started on November 7, 2024 at 26.48 and reached 23.54 on December 20, 2024. EWA lost 2.94 points, or 11.10%, in 43 days. The price is now at the 7.82% retracement level.
 Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since December 5, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands is 122.63% higher then one year average. It indicates the period of high volatility of the stock price. 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.
| |
|
|