|
|
Uptrend ExhaustionArchive
- 5/2/2025 -
Sign In to see current Signals. |
iShares MSCI Japan Index (EWJ) Technical Analysis
|
 |
| Summary:
| | Weekly :   | | Daily :
Move cursor over the icon to see details.
| | It was a fourth consecutive positive week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ gained 1.12 points, or 1.58%, and closed at 71.89 on Friday, May 2, 2025. Weekly volume was -20% below average.
 Long-term trend: [See EWJ long-term trend chart]
A long-term downtrend had started on September 26, 2024 at 73.24 and reached 59.84 on April 7, 2025. EWJ lost 13.40 points, or 18.30%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (58.79) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWJ may retest the broken resistance line. It is considered to be a support line now. 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 April 7, 2025 at 59.84 and reached 72.16 on April 29, 2025. EWJ gained -12.32 points, or -20.59%, in 3 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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.
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 30, 2025 at 70.57 and reached 72.02 on May 2, 2025. EWJ gained -1.45 points, or -2.05%, in 2 days. The price is now at the 8.97% retracement level.
 Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since April 14, 2025. This is an indication that the short-term trend is up.
The distance between the Bollinger Bands is 139.23% higher then one year average. It indicates the period of high 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.
| |
|
|