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Uptrend Broken SupportArchive
- 4/25/2025 -
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iShares MSCI France Index (EWQ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 4 consecutive negative weeks for the iShares MSCI France Index (EWQ). During the week, the EWQ gained 1.73 points, or 4.41%, and closed at 40.95 on Friday, April 25, 2025. Weekly volume was -32% below average.
 Long-term trend: [See EWQ long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 19.29 and reached 42.60 on May 15, 2024. EWQ gained -23.31 points, or -120.84%, in 217 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 33.33 and resistance is at 43.33. 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 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 (34.25) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWQ may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See EWQ weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 17, 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 EWQ short-term trend chart]
A short-term downtrend had started on March 19, 2025 at 42.09 and reached 35.24 on April 8, 2025. EWQ lost 6.85 points, or 16.27%, in 20 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (40.72) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWQ may retest the broken resistance line. It is considered to be a support 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See EWQ 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 15, 2025.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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