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Archive
- 11/15/2024 -
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iShares MSCI Italy Index (EWI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI dropped -0.47 points, or -1.27%, and closed at 36.56 on Friday, November 15, 2024. Weekly volume was -25% below average.
 Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 20.99 and reached 39.63 on September 27, 2024. EWI gained -18.64 points, or -88.80%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (36.37) 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 long-term trend.
 Medium-term trend: [See EWI medium-term trend chart]
A medium-term uptrend had started on August 6, 2024 at 34.60 and reached 39.63 on September 27, 2024. EWI gained -5.03 points, or -14.54%, in 7 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 18, 2024. Use the following link to access a MACD help.
 Short-term trend: [See EWI short-term trend chart]
A short-term downtrend had started on October 18, 2024 at 39.19 and reached 35.98 on November 13, 2024. EWI lost 3.21 points, or 8.19%, in 26 days. The chart has formed a Falling Channel chart pattern.
 Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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.
The daily MACD line is below its signal line since October 23, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| High |
39.19 |
| High Date |
10/18/2024 |
| Low |
35.98 |
| Low Date |
11/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
39.63 |
| High Date |
09/27/2024 |
| Low |
35.98 |
| Low Date |
11/13/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
34.60 |
| Low Date |
08/06/2024 |
| High |
39.63 |
| High Date |
09/27/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Test Support |
| Resistance |
42.99 |
| Support |
36.37 |
| Low |
20.99 |
| Low Date |
10/13/2022 |
| High |
39.63 |
| High Date |
09/27/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
17.84 |
| Low Date |
03/16/2020 |
| High |
39.63 |
| High Date |
09/27/2024 |
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