The Greedy Trader Weekly Analysis
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Indices ETFs Technical Analysis - EWI

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- 3/27/2026 -
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iShares MSCI Italy Index (EWI) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversoldThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the iShares MSCI Italy Index (EWI). During the week, the EWI climbed 0.40 points, or 0.79%, and closed at 51.10 on Friday, March 27, 2026. Weekly volume was 32% 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 57.94 on February 26, 2026. EWI gained -36.95 points, or -176.04%, in 176 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (47.01) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 EWI medium-term trend chart]
A medium-term uptrend had started on December 20, 2024 at 35.20 and reached 57.94 on February 26, 2026. EWI gained -22.74 points, or -64.60%, in 61 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 39.58 and resistance is at 59.17. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 27, 2026. The distance between MACD and the signal line is near its high and getting bigger. 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 February 26, 2026 at 57.94 and reached 50.48 on March 20, 2026. EWI lost 7.46 points, or 12.88%, in 22 days. The price is now at the 8.31% retracement level.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

The daily MACD line is below its signal line since February 27, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.06
Williams' Percentage Range (W%R) 86.10
Oversold
Lane's Stochastic (%D-Slow) 39.42
Greed/Fear Indicator (GFI) 30.44
Moving Average Converg./Diverg. (MACD) -0.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.18
Williams' Percentage Range (W%R) 89.40
Oversold
Lane's Stochastic (%D-Slow) 35.19
Greed/Fear Indicator (GFI) 30.30
Moving Average Converg./Diverg. (MACD) 1.62
Trading Signals
Description Value Chart
Monthly Trendline Resistance 59.17
Upper Bollinger Band 55.37
50 Day Moving Average 54.85
20 Day Moving Average 52.84
Weekly Stochastic Crossing 52.10
Daily Stochastic Crossing 51.52
Price 51.10
Lower Bollinger Band 50.55
Parabolic System 50.52
Quarterly Trendline Resistance 48.43
Quarterly Trendline Support 47.01
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.80
High Date 03/23/2026
Low 50.95
Low Date 03/27/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.94
High Date 02/26/2026
Low 50.48
Low Date 03/20/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 59.17
Support 39.58
Low 35.20
Low Date 12/20/2024
High 57.94
High Date 02/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 48.43
Support 47.01
Low 20.99
Low Date 10/13/2022
High 57.94
High Date 02/26/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.84
Low Date 03/16/2020
High 57.94
High Date 02/26/2026
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.