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Downtrend ExhaustionArchive
- 12/13/2024 -
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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 gave back -0.37 points, or -0.99%, and closed at 36.85 on Friday, December 13, 2024. Weekly volume was -31% 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 (41.36) is broken. A broken support is considered to be a long-term bearish signal. 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 35.54 on November 26, 2024. EWQ lost 5.84 points, or 14.11%, in 8 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See EWQ weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic 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 uptrend had started on November 26, 2024 at 35.54 and reached 37.65 on December 9, 2024. EWQ gained -2.11 points, or -5.94%, in 13 days. Price is near the Fibonacci 38.2% retracement level.
 Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since November 27, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (36.69) comes close to the price (36.85). It indicates that the trend is getting weaker. 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.
The price is close to the moving average in the center of the Bollinger Bands. 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.
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