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Downtrend Broken Resist.Archive
- 4/10/2026 -
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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 third positive week after 3 consecutive negative weeks for the iShares MSCI Japan Index (EWJ). During the week, the EWJ gained 2.84 points, or 3.33%, and closed at 88.13 on Friday, April 10, 2026. Weekly volume was 38% 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 uptrend resistance line (62.47) 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 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 price is now at the 54.21% retracement level.
 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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 89.99 on April 8, 2026. EWJ gained -9.14 points, or -11.30%, in 19 days. The price is now at the 20.35% retracement level.
 Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since March 31, 2026. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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