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Downtrend Broken Resist.Archive
- 4/25/2025 -
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iShares MSCI Canada Index (EWC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 0.94 points, or 2.29%, and closed at 42.04 on Friday, April 25, 2025. Weekly volume was -24% below average.
 Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 17.59 and reached 43.33 on December 5, 2024. EWC gained -25.74 points, or -146.33%, in 245 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (38.27) 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 EWC medium-term trend chart]
A medium-term downtrend had started on December 5, 2024 at 43.33 and reached 36.70 on April 7, 2025. EWC lost 6.63 points, or 15.30%, in 17 weeks. The price is now at the 80.54% retracement level.
 Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 13, 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 EWC short-term trend chart]
A short-term downtrend had started on February 14, 2025 at 42.60 and reached 36.70 on April 7, 2025. EWC lost 5.90 points, or 13.85%, in 52 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily 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 daily MACD line is above its signal line since April 14, 2025. The distance between MACD and the signal line is relatively high and getting bigger.
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