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Indices ETFs Technical Analysis - EWIArchive
- 5/8/2026 -
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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 1.43 points, or 2.48%, and closed at 59.13 on Friday, May 8, 2026. Weekly volume was 10% above average.
 Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on March 16, 2020 at 17.84 and reached 59.67 on May 6, 2026. EWI gained -41.83 points, or -234.47%, in 320 weeks. Price is near the trend high.
 Medium-term trend: [See EWI medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 20.99 and reached 59.67 on May 6, 2026. EWI gained -38.68 points, or -184.28%, in 185 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (43.98) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 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 April 24, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 May 4, 2026 at 56.04 and reached 59.67 on May 6, 2026. EWI gained -3.63 points, or -6.48%, in 2 days. The price is now at the 14.88% retracement level.
 Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
 Candlestick pattern: [See EWI candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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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 |
Up |
| Chart Pattern |
Uptrend |
| Low |
56.04 |
| Low Date |
05/04/2026 |
| High |
59.67 |
| High Date |
05/06/2026 |
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| Weekly Trend |
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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 |
56.04 |
| Low Date |
05/04/2026 |
| High |
59.67 |
| High Date |
05/06/2026 |
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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 |
56.04 |
| Low Date |
05/04/2026 |
| High |
59.67 |
| High Date |
05/06/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
50.46 |
| Support |
43.98 |
| Low |
20.99 |
| Low Date |
10/13/2022 |
| High |
59.67 |
| High Date |
05/06/2026 |
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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 |
59.67 |
| High Date |
05/06/2026 |
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