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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 3/21/2025 -
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iShares MSCI France Index (EWQ) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARTrend support at 40.88The price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares MSCI France Index (EWQ). During the week, the EWQ gave back -0.38 points, or -0.92%, and closed at 40.91 on Friday, March 21, 2025. Weekly volume was -41% 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 (43.12) 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 May 15, 2024 at 42.60 and reached 35.22 on January 3, 2025. EWQ lost 7.38 points, or 17.32%, in 33 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (34.55) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See EWQ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since January 17, 2025. 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 EWQ short-term trend chart]
A short-term uptrend had started on January 3, 2025 at 35.22 and reached 42.09 on March 19, 2025. EWQ gained -6.87 points, or -19.51%, in 75 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (40.88) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.

Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 19, 2025. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.03
Williams' Percentage Range (W%R) 41.20
Lane's Stochastic (%D-Slow) 68.05
Greed/Fear Indicator (GFI) 60.31
Moving Average Converg./Diverg. (MACD) 0.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.03
Williams' Percentage Range (W%R) 17.60
Overbought
Lane's Stochastic (%D-Slow) 88.48
Overbought
Greed/Fear Indicator (GFI) 77.73
Moving Average Converg./Diverg. (MACD) 0.04
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 44.70
Weekly Trendline Resistance 43.31
Quarterly Trendline Support 43.12
Upper Bollinger Band 42.50
Weekly Stochastic Crossing 41.55
Daily Stochastic Crossing 41.51
Price 40.91
Weekly Trendline Support 40.88
20 Day Moving Average 40.85
Parabolic System 40.41
Monthly Trendline Resistance 39.88
50 Day Moving Average 39.41
Lower Bollinger Band 39.13
Monthly Trendline Support 34.55
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 40.38
Low Date 03/13/2025
High 42.09
High Date 03/19/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 43.31
Support 40.88
Low 35.22
Low Date 01/03/2025
High 42.09
High Date 03/19/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 39.88
Support 34.55
High 42.60
High Date 05/15/2024
Low 35.22
Low Date 01/03/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 44.70
Support 43.12
Low 26.26
Low Date 09/27/2022
High 42.60
High Date 05/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.29
Low Date 03/18/2020
High 42.60
High Date 05/15/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.