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Uptrend ExhaustionArchive
- 5/23/2025 -
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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 seventh consecutive positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 0.55 points, or 1.25%, and closed at 44.44 on Friday, May 23, 2025. EWC was trading at average weekly trading volume.
 Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 17.59 and reached 44.59 on May 23, 2025. EWC gained -27.00 points, or -153.50%, in 269 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (38.59) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 uptrend had started on April 7, 2025 at 36.70 and reached 44.59 on May 23, 2025. EWC gained -7.89 points, or -21.50%, in 6 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See EWC 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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See EWC short-term trend chart]
A short-term uptrend had started on May 22, 2025 at 43.79 and reached 44.59 on May 23, 2025. EWC gained -0.80 points, or -1.83%, in 1 days. The price is now at the 18.75% retracement level.
 Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since April 14, 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.
The price touches the upper Bollinger Band. 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.
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