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Indices ETFs Technical Analysis - EWIArchive
- 10/23/2026 -
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iShares MSCI Italy Index (EWI) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI dropped -1.47 points, or -2.60%, and closed at 54.98 on Friday, October 23, 2026. Weekly volume was -45% 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 63.76 on August 6, 2026. EWI gained -42.77 points, or -203.76%, in 199 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (51.37) 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 downtrend had started on August 6, 2026 at 63.76 and reached 54.44 on October 23, 2026. EWI lost 9.32 points, or 14.62%, in 11 weeks. The price is now at the 5.79% retracement level.
 Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 below its signal line since September 4, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 21, 2026 at 56.55 and reached 54.44 on October 23, 2026. EWI lost 2.11 points, or 3.73%, in 2 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 Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish 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 bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since October 22, 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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