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Indices ETFs Technical Analysis - EWIArchive
- 6/5/2026 -
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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 -1.33 points, or -2.24%, and closed at 58.04 on Friday, June 5, 2026. Weekly volume was -39% 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 59.85 on May 29, 2026. EWI gained -38.86 points, or -185.14%, in 189 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (48.45) 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 March 20, 2026 at 50.48 and reached 59.85 on May 29, 2026. EWI gained -9.37 points, or -18.56%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (59.62) is broken. A broken support is considered to be a long-term bearish signal. 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 support 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. During the last week, weekly 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 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 and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 29, 2026 at 59.85 and reached 57.83 on June 5, 2026. EWI lost 2.02 points, or 3.38%, in 7 days. The price is now at the 10.40% retracement level.
 Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 14, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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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