The Greedy Trader Weekly Analysis
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- 3/13/2026 -
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iShares MSCI Japan Index (EWJ) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineTrend resistance at 84.91Broken trend support line
Daily :Williams' Percentage Range is oversold
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It was the negative week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ dropped -1.41 points, or -1.66%, and closed at 83.36 on Friday, March 13, 2026. Weekly volume was 97% above 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 94.28 on February 12, 2026. EWJ gained -46.64 points, or -97.90%, in 174 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (84.91). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the 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 94.28 on February 12, 2026. EWJ gained -34.44 points, or -57.55%, in 44 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (84.94) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EWJ may retest the broken support line. It is considered to be a resistance line now. 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 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 February 12, 2026 at 94.28 and reached 82.92 on March 9, 2026. EWJ lost 11.36 points, or 12.05%, in 25 days. Price is near the trend low.

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

The daily MACD line is below its signal line since February 20, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.96
Williams' Percentage Range (W%R) 85.30
Oversold
Lane's Stochastic (%D-Slow) 23.30
Greed/Fear Indicator (GFI) 21.64
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.45
Williams' Percentage Range (W%R) 65.90
Lane's Stochastic (%D-Slow) 67.57
Greed/Fear Indicator (GFI) 50.10
Moving Average Converg./Diverg. (MACD) 2.78
Trading Signals
Description Value Chart
Upper Bollinger Band 94.04
Monthly Trendline Resistance 90.26
Weekly Stochastic Crossing 89.75
20 Day Moving Average 89.07
50 Day Moving Average 87.17
Parabolic System 86.29
Monthly Trendline Support 84.94
Quarterly Trendline Resistance 84.91
Daily Stochastic Crossing 84.21
Price 83.36
Lower Bollinger Band 81.03
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 94.28
High Date 02/12/2026
Low 82.92
Low Date 03/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.71
Low Date 12/17/2025
High 94.28
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 90.26
Support 84.94
Low 59.84
Low Date 04/07/2025
High 94.28
High Date 02/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 84.91
Support 62.33
Low 47.64
Low Date 10/13/2022
High 94.28
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.84
Low Date 03/09/2009
High 94.28
High Date 02/12/2026
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.