The Greedy Trader Weekly Analysis
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Indices ETFs Technical Analysis - EWG

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- 5/8/2026 -
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iShares MSCI Germany Index (EWG) Technical Analysis

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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARBullish Homing Pigeon Candlestick
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It was a first positive week for the iShares MSCI Germany Index (EWG). During the week, the EWG climbed 0.32 points, or 0.76%, and closed at 42.65 on Friday, May 8, 2026. Weekly volume was -28% below average.

Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 24.70 and reached 44.65 on February 27, 2026. EWG gained -19.95 points, or -80.77%, in 122 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 39.97 and resistance is at 44.81. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See EWG medium-term trend chart]
A medium-term downtrend had started on February 27, 2026 at 44.65 and reached 37.98 on March 27, 2026. EWG lost 6.67 points, or 14.94%, in 4 weeks. The price is now at the 70.01% retracement level.

Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 27, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 April 17, 2026 at 43.70 and reached 41.18 on April 29, 2026. EWG lost 2.52 points, or 5.77%, in 12 days. The price is now at the 58.33% retracement level.

Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily technical indicators are neutral.

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Candlestick pattern: [See EWG candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.87
Williams' Percentage Range (W%R) 35.90
Lane's Stochastic (%D-Slow) 62.48
Greed/Fear Indicator (GFI) 58.15
Moving Average Converg./Diverg. (MACD) 0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.33
Williams' Percentage Range (W%R) 28.20
Lane's Stochastic (%D-Slow) 63.38
Greed/Fear Indicator (GFI) 60.95
Moving Average Converg./Diverg. (MACD) 0.11
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 44.81
Upper Bollinger Band 43.06
Daily Stochastic Crossing 42.89
Price 42.65
20 Day Moving Average 42.31
Weekly Stochastic Crossing 41.85
Parabolic System 41.23
50 Day Moving Average 41.18
Lower Bollinger Band 41.07
Quarterly Trendline Support 39.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 43.70
High Date 04/17/2026
Low 41.18
Low Date 04/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.98
Low Date 03/27/2026
High 43.70
High Date 04/17/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.65
High Date 02/27/2026
Low 37.98
Low Date 03/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 44.81
Support 39.97
Low 24.70
Low Date 10/27/2023
High 44.65
High Date 02/27/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.35
Low Date 09/27/2022
High 44.65
High Date 02/27/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.