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Downtrend Broken Resist.Archive
- 7/24/2026 -
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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 0.72 points, or 0.80%, and closed at 91.21 on Friday, July 24, 2026. Weekly volume was -43% 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 (63.01) 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 chart has formed a Rising Channel chart pattern. The uptrend support line (92.13) is broken. A broken support is considered to be a long-term bearish 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 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 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 June 22, 2026 at 97.52 and reached 89.16 on July 17, 2026. EWJ lost 8.36 points, or 8.57%, in 25 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 and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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