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Downtrend ResistanceArchive
- 4/25/2025 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL gained 1.09 points, or 2.10%, and closed at 53.04 on Friday, April 25, 2025. Weekly volume was 29% above 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 53.61 on March 7, 2025. EWL gained -17.59 points, or -48.83%, in 125 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 47.33 and resistance is at 54.30. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See EWL medium-term trend chart]
A medium-term downtrend had started on March 7, 2025 at 53.61 and reached 46.22 on April 7, 2025. EWL lost 7.39 points, or 13.78%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (53.03). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See EWL 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.
The weekly MACD line is above its signal line since January 31, 2025. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See EWL short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 46.22 and reached 53.05 on April 25, 2025. EWL gained -6.83 points, or -14.78%, in 18 days. Price is near the trend high.
 Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic 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.
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