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Uptrend ExhaustionArchive
- 2/14/2025 -
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iShares MSCI Italy Index (EWI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the iShares MSCI Italy Index (EWI). During the week, the EWI gained 1.66 points, or 4.26%, and closed at 40.59 on Friday, February 14, 2025. Weekly volume was 59% above 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 40.73 on February 14, 2025. EWI gained -19.74 points, or -94.04%, in 122 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 38.64 and resistance is at 42.39. 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 EWI medium-term trend chart]
A medium-term uptrend had started on December 20, 2024 at 35.20 and reached 40.73 on February 14, 2025. EWI gained -5.53 points, or -15.71%, in 8 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 weekly MACD line is above its signal line since January 24, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See EWI short-term trend chart]
A short-term uptrend had started on February 3, 2025 at 37.68 and reached 40.73 on February 14, 2025. EWI gained -3.05 points, or -8.09%, in 11 days. Price is near the trend high.
 Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since January 3, 2025. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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