|
|
Indices ETFs Technical Analysis - EWIArchive
- 7/19/2024 -
Sign In to see current Signals. |
iShares MSCI Italy Index (EWI) Technical Analysis
|
 |
| Summary:
| | | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI gave back -0.31 points, or -0.82%, and closed at 37.46 on Friday, July 19, 2024. Weekly volume was -58% 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 39.37 on May 16, 2024. EWI gained -18.38 points, or -87.57%, in 83 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 30.33 and resistance is at 40.22. 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 long-term trend.
 Medium-term trend: [See EWI medium-term trend chart]
A medium-term downtrend had started on May 16, 2024 at 39.37 and reached 34.97 on June 14, 2024. EWI lost 4.40 points, or 11.18%, in 4 weeks. The price is now at the 56.59% retracement 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 June 7, 2024. This is an indication that the medium-term trend is down. 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 June 14, 2024 at 34.97 and reached 38.13 on July 18, 2024. EWI gained -3.16 points, or -9.04%, in 34 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 above its signal line since July 2, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (37.34) comes close to the price (37.46). It indicates that the trend is getting weaker. 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 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.
| |
|
|