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Indices ETFs Technical Analysis - EWIArchive
- 3/20/2026 -
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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 -1.38 points, or -2.65%, and closed at 50.70 on Friday, March 20, 2026. Weekly volume was 26% 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 (46.86) 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 39.51 and resistance is at 58.87. 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 technical indicators are neutral.
The weekly MACD line is below its signal line since February 27, 2026. The distance between MACD and the signal line is relatively 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. Price is near the trend low.
Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily technical indicators are neutral. 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. 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.
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 the Bollinger Bands is 116.74% higher then one year average. It indicates the period of high volatility of the stock price. 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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