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Advanced TA SearchArchive
- 4/26/2024 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL climbed 0.24 points, or 0.53%, and closed at 45.94 on Friday, April 26, 2024. Weekly volume was -16% below average.
 Long-term trend: [See EWL long-term trend chart]
A long-term downtrend had started on December 28, 2021 at 53.06 and reached 36.02 on October 13, 2022. EWL lost 17.04 points, or 32.11%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (45.93). 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 long-term trend.
 Medium-term trend: [See EWL medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 36.02 and reached 48.94 on May 3, 2023. EWL gained -12.92 points, or -35.87%, in 28 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 44.18 and resistance is at 48.85. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since March 28, 2024. 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 16, 2024 at 45.04 and reached 46.64 on April 23, 2024. EWL gained -1.60 points, or -3.55%, in 7 days. The price is now at the 43.75% retracement level.
 Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
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