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Indices ETFs Technical Analysis - EWGArchive - 7/19/2024 - Sign In to see current Signals. |
iShares MSCI Germany Index (EWG) Technical Analysis
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| Summary:
| | Weekly :![Broken trend support line](images\bearish.gif) ![Broken trend resistance line](images\bullish.gif) | | Daily :![The price has fallen below the Parabolic SAR](images\bearish.gif) ![Price has crossed below the 50 Day Moving Average](images\bearish.gif) ![The price has declined below the moving average in the center of the Bollinger Bands](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was the negative week for the iShares MSCI Germany Index (EWG). During the week, the EWG dropped -1.05 points, or -3.29%, and closed at 30.87 on Friday, July 19, 2024. Weekly volume was -65% below average.
Long-term trend: [See EWG long-term trend chart] A long-term downtrend had started on June 7, 2021 at 36.49 and reached 19.35 on September 27, 2022. EWG lost 17.14 points, or 46.97%, in 68 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (28.25) is broken. A broken support is considered to be a long-term bullish signal. 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 EWG medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 24.70 and reached 32.75 on May 15, 2024. EWG gained -8.05 points, or -32.59%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (32.83) is broken. A broken support is considered to be a long-term bearish signal. 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 support 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 June 7, 2024. Use the following link to access a MACD help.
Short-term trend: [See EWG short-term trend chart] A short-term uptrend had started on June 14, 2024 at 29.85 and reached 32.01 on July 12, 2024. EWG gained -2.16 points, or -7.24%, in 28 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See EWG daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since June 28, 2024. 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. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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. During the last week, the price has declined below 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. During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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