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Downtrend Broken Resist.Archive
- 1/3/2025 -
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iShares MSCI Germany Index (EWG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the iShares MSCI Germany Index (EWG). During the week, the EWG dropped -0.47 points, or -1.46%, and closed at 31.67 on Friday, January 3, 2025. Weekly volume was -22% below average.
 Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 19.35 and reached 34.12 on September 27, 2024. EWG gained -14.77 points, or -76.33%, in 104 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 31.31 and resistance is at 34.89. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See EWG medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 24.70 and reached 34.12 on September 27, 2024. EWG gained -9.42 points, or -38.14%, in 48 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (31.77) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 1, 2024. Use the following link to access a MACD help.
 Short-term trend: [See EWG short-term trend chart]
A short-term downtrend had started on December 6, 2024 at 33.54 and reached 31.48 on January 2, 2025. EWG lost 2.06 points, or 6.14%, in 27 days. The price is now at the 9.22% retracement level.
 Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 below its signal line since December 17, 2024. This is an indication that the short-term trend is down.
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