The Greedy Trader Weekly Analysis
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- 8/28/2026 -
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iShares MSCI Japan Index (EWJ) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Price is near the Fibonacci 38.2% retracement level
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It was a first positive week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ climbed 0.69 points, or 0.72%, and closed at 95.87 on Friday, August 28, 2026. Weekly volume was -47% 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 98.79 on August 13, 2026. EWJ gained -51.15 points, or -107.37%, in 200 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (63.20) 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 July 29, 2026 at 89.09 and reached 98.79 on August 13, 2026. EWJ gained -9.70 points, or -10.89%, in 2 weeks. The price is now at the 30.10% retracement level.

Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 7, 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 August 13, 2026 at 98.79 and reached 94.05 on August 20, 2026. EWJ lost 4.74 points, or 4.80%, in 7 days. Price is near the Fibonacci 38.2% 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 August 19, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.03
Williams' Percentage Range (W%R) 32.30
Lane's Stochastic (%D-Slow) 35.63
Greed/Fear Indicator (GFI) 50.78
Moving Average Converg./Diverg. (MACD) 0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.14
Williams' Percentage Range (W%R) 17.00
Overbought
Lane's Stochastic (%D-Slow) 63.80
Greed/Fear Indicator (GFI) 66.12
Moving Average Converg./Diverg. (MACD) 2.44
Trading Signals
Description Value Chart
Upper Bollinger Band 98.06
Parabolic System 97.32
Weekly Stochastic Crossing 96.20
Price 95.87
20 Day Moving Average 95.85
Daily Stochastic Crossing 95.30
50 Day Moving Average 94.00
Lower Bollinger Band 92.43
Quarterly Trendline Resistance 88.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 98.79
High Date 08/13/2026
Low 94.05
Low Date 08/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.09
Low Date 07/29/2026
High 98.79
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.84
Low Date 04/07/2025
High 98.79
High Date 08/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 88.30
Support 63.20
Low 47.64
Low Date 10/13/2022
High 98.79
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.84
Low Date 03/09/2009
High 98.79
High Date 08/13/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.