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Downtrend Broken Resist.Archive
- 5/15/2026 -
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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 dropped -1.15 points, or -1.25%, and closed at 91.07 on Friday, May 15, 2026. Weekly volume was -18% 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 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 (62.66) 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 93.27 on May 13, 2026. EWJ gained -12.42 points, or -15.36%, in 7 weeks. The price is now at the 17.71% retracement level.
 Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 23, 2026 at 86.12 and reached 93.27 on May 13, 2026. EWJ gained -7.15 points, or -8.30%, in 20 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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.
The daily MACD line is above its signal line since May 4, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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