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Archive
- 5/23/2025 -
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iShares MSCI Japan Index (EWJ) Technical Analysis
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| Summary:
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| | It was a seventh consecutive positive week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ climbed 0.54 points, or 0.74%, and closed at 73.03 on Friday, May 23, 2025. Weekly volume was -9% below average.
 Long-term trend: [See EWJ long-term trend chart]
A long-term downtrend had started on September 26, 2024 at 73.24 and reached 59.84 on April 7, 2025. EWJ lost 13.40 points, or 18.30%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (57.91) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See EWJ medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 59.84 and reached 73.14 on May 23, 2025. EWJ gained -13.30 points, or -22.23%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 71.95 and resistance is at 73.43. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 25, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See EWJ short-term trend chart]
A short-term uptrend had started on May 22, 2025 at 72.13 and reached 73.14 on May 23, 2025. EWJ gained -1.01 points, or -1.40%, in 1 days. The price is now at the 10.89% retracement level.
 Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 15, 2025. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (2.68%) is close to one year low (3.36%). It is 68.00% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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