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Archive
- 7/2/2026 -
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iShares MSCI Japan Index (EWJ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ climbed 0.34 points, or 0.37%, and closed at 93.14 on Thursday, July 2, 2026. Weekly volume was -8% below average.
 Long-term trend: [See EWJ long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 47.64 and reached 97.52 on June 22, 2026. EWJ gained -49.88 points, or -104.70%, in 192 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (62.90) 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 EWJ medium-term trend chart]
A medium-term uptrend had started on March 20, 2026 at 80.85 and reached 97.52 on June 22, 2026. EWJ gained -16.67 points, or -20.62%, in 13 weeks. The price is now at the 26.27% retracement level.
 Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 weekly MACD line is above its signal line since May 8, 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 EWJ short-term trend chart]
A short-term downtrend had started on June 22, 2026 at 97.52 and reached 91.71 on June 29, 2026. EWJ lost 5.81 points, or 5.96%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 June 23, 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 moved above 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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