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Archive
- 11/15/2024 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL dropped -1.58 points, or -3.24%, and closed at 47.17 on Friday, November 15, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was -32% below average.
 Long-term trend: [See EWL long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 36.02 and reached 53.03 on August 29, 2024. EWL gained -17.01 points, or -47.22%, in 98 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (48.22) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EWL may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See EWL medium-term trend chart]
A medium-term uptrend had started on April 16, 2024 at 45.04 and reached 53.03 on August 29, 2024. EWL gained -7.99 points, or -17.74%, in 19 weeks. The price is now at the 73.34% retracement level.
 Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 11, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See EWL short-term trend chart]
A short-term downtrend had started on August 29, 2024 at 53.03 and reached 47.07 on November 15, 2024. EWL lost 5.96 points, or 11.24%, in 78 days. Price is near the trend low.
 Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are 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 and Lane's Stochastic. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since October 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
53.03 |
| High Date |
08/29/2024 |
| Low |
47.07 |
| Low Date |
11/15/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
45.04 |
| Low Date |
04/16/2024 |
| High |
53.03 |
| High Date |
08/29/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
41.55 |
| Low Date |
10/27/2023 |
| High |
53.03 |
| High Date |
08/29/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Ascending Triangle |
| Status |
Broken Support |
| Resistance |
48.80 |
| Support |
48.22 |
| Low |
36.02 |
| Low Date |
10/13/2022 |
| High |
53.03 |
| High Date |
08/29/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
27.52 |
| Low Date |
02/11/2016 |
| High |
53.06 |
| High Date |
12/28/2021 |
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