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Downtrend Broken Resist.Archive
- 10/23/2026 -
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iShares MSCI Japan Index (EWJ) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ gave back -0.78 points, or -0.82%, and closed at 94.10 on Friday, October 23, 2026. Weekly volume was -44% 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 99.98 on October 6, 2026. EWJ gained -52.34 points, or -109.87%, in 207 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (63.50) 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 99.98 on October 6, 2026. EWJ gained -10.89 points, or -12.22%, in 9 weeks. The price is now at the 53.99% 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 October 9, 2026. 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 October 6, 2026 at 99.98 and reached 93.50 on October 23, 2026. EWJ lost 6.48 points, or 6.48%, in 17 days. The price is now at the 9.26% retracement level.
 Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 7, 2026. This is an indication that the short-term trend is down.
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