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Downtrend Broken Resist.Archive
- 4/2/2026 -
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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 second positive week after 3 consecutive negative weeks for the iShares MSCI Japan Index (EWJ). During the week, the EWJ gained 3.86 points, or 4.74%, and closed at 85.29 on Thursday, April 2, 2026. It was the best weekly gain since February 13, 2026. Weekly volume was 66% 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 (85.32). 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 downtrend had started on February 12, 2026 at 94.28 and reached 80.85 on March 20, 2026. EWJ lost 13.43 points, or 14.24%, in 5 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (80.25) 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 medium-term trend.
 Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 6, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend 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 March 20, 2026 at 80.85 and reached 87.36 on April 1, 2026. EWJ gained -6.51 points, or -8.05%, in 12 days. The price is now at the 31.80% retracement level.
Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
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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