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Archive
- 11/15/2024 -
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iShares MSCI France Index (EWQ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the iShares MSCI France Index (EWQ). During the week, the EWQ dropped -1.08 points, or -2.89%, and closed at 36.28 on Friday, November 15, 2024. Weekly volume was -55% below average.
 Long-term trend: [See EWQ long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 26.26 and reached 42.60 on May 15, 2024. EWQ gained -16.34 points, or -62.22%, in 85 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (40.84) 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. EWQ 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 EWQ medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 41.38 and reached 35.80 on November 13, 2024. EWQ lost 5.58 points, or 13.48%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (36.72) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See EWQ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 18, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See EWQ short-term trend chart]
A short-term downtrend had started on November 7, 2024 at 38.19 and reached 35.80 on November 13, 2024. EWQ lost 2.39 points, or 6.26%, in 6 days. The price is now at the 20.08% retracement level.
Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is below its signal line since October 1, 2024. This is an indication that the short-term trend is down.
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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 |
38.19 |
| High Date |
11/07/2024 |
| Low |
35.80 |
| Low Date |
11/13/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Support |
| Resistance |
37.66 |
| Support |
36.72 |
| High |
41.38 |
| High Date |
09/27/2024 |
| Low |
35.80 |
| Low Date |
11/13/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
42.60 |
| High Date |
05/15/2024 |
| Low |
35.80 |
| Low Date |
11/13/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
43.87 |
| Support |
40.84 |
| Low |
26.26 |
| Low Date |
09/27/2022 |
| High |
42.60 |
| High Date |
05/15/2024 |
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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 |
19.29 |
| Low Date |
03/18/2020 |
| High |
42.60 |
| High Date |
05/15/2024 |
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