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Downtrend Broken Resist.Archive
- 2/14/2025 -
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iShares MSCI United Kingdom Index (EWU) Technical Analysis
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| Summary:
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| | It was a fifth consecutive positive week for the iShares MSCI United Kingdom Index (EWU). During the week, the EWU gained 0.66 points, or 1.84%, and closed at 36.55 on Friday, February 14, 2025. Weekly volume was 59% above average.
 Long-term trend: [See EWU long-term trend chart]
A long-term uptrend had started on September 28, 2022 at 25.36 and reached 37.88 on September 27, 2024. EWU gained -12.52 points, or -49.37%, in 104 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 35.85 and resistance is at 38.90. 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 EWU medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 37.88 and reached 33.06 on January 13, 2025. EWU lost 4.82 points, or 12.72%, in 15 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (32.31) 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. EWU 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 EWU weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See EWU short-term trend chart]
A short-term uptrend had started on January 13, 2025 at 33.06 and reached 36.81 on February 14, 2025. EWU gained -3.75 points, or -11.34%, in 32 days. The price is now at the 6.93% retracement level.
 Daily Technical Indicators: [See EWU 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. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 daily MACD line is above its signal line since January 14, 2025. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (36.31) comes close to the price (36.55). 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.
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