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Downtrend Broken Resist.Archive
- 10/9/2026 -
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iShares MSCI Japan Index (EWJ) Technical Analysis
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| Summary:
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| | It was the negative week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ dropped -1.06 points, or -1.07%, and closed at 97.86 on Friday, October 9, 2026. Weekly volume was -49% 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 (63.42) 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 19.47% retracement level.
 Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 weekly MACD line is above its signal line since August 7, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 August 20, 2026 at 94.05 and reached 99.98 on October 6, 2026. EWJ gained -5.93 points, or -6.31%, in 47 days. Price is near the Fibonacci 38.2% 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 October 7, 2026. The distance between MACD and the signal line is low, but getting bigger.
A Parabolic SAR (stop and reversal) indicator (97.1) comes close to the price (97.86). It indicates that the trend is getting weaker. 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.
The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.72% on Friday. It is 51.38% lower than one year average. It indicates the period of low volatility of the stock price. 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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