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Advanced TA SearchArchive
- 4/26/2024 -
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iShares MSCI France Index (EWQ) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the iShares MSCI France Index (EWQ). During the week, the EWQ gained 0.76 points, or 1.90%, and closed at 40.67 on Friday, April 26, 2024. It was the best weekly gain since February 23, 2024. Weekly volume was -53% 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 41.88 on March 20, 2024. EWQ gained -15.62 points, or -59.48%, in 77 weeks. The price is now at the 7.75% retracement level.
 Medium-term trend: [See EWQ medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 33.66 and reached 41.88 on March 20, 2024. EWQ gained -8.22 points, or -24.42%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (41.56) 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 medium-term trend.
 Weekly Technical Indicators: [See EWQ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 16, 2024 at 39.25 and reached 40.74 on April 26, 2024. EWQ gained -1.49 points, or -3.80%, in 10 days. Price is near the trend high.
 Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.
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 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.
During the last week, the price has moved above 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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