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Indices ETFs Technical Analysis - EWCArchive
- 3/21/2025 -
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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 first positive week after 4 consecutive negative weeks for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 0.77 points, or 1.92%, and closed at 40.88 on Friday, March 21, 2025. It was the best weekly gain since January 24, 2025. Weekly volume was 37% above 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 (37.89) 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 39.08 on March 11, 2025. EWC lost 4.25 points, or 9.81%, in 13 weeks. The price is now at the 42.35% 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. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 39.08 on March 11, 2025. EWC lost 3.52 points, or 8.26%, in 25 days. The chart has formed a Falling Wedge chart pattern.
 Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has moved above 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. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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