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Archive
- 5/23/2025 -
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iShares MSCI South Korea Index (EWY) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY climbed 0.17 points, or 0.29%, and closed at 58.96 on Friday, May 23, 2025. Weekly volume was -17% below average.
 Long-term trend: [See EWY long-term trend chart]
A long-term downtrend had started on July 11, 2024 at 69.52 and reached 48.49 on April 8, 2025. EWY lost 21.03 points, or 30.25%, in 38 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (47.40) 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 long-term trend.
 Medium-term trend: [See EWY medium-term trend chart]
A medium-term uptrend had started on April 8, 2025 at 48.49 and reached 59.92 on May 21, 2025. EWY gained -11.43 points, or -23.57%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (59.01) 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 medium-term trend.
 Weekly Technical Indicators: [See EWY 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 February 7, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See EWY short-term trend chart]
A short-term uptrend had started on May 22, 2025 at 58.19 and reached 59.17 on May 23, 2025. EWY gained -0.98 points, or -1.68%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 14, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
58.19 |
| Low Date |
05/22/2025 |
| High |
59.17 |
| High Date |
05/23/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
58.19 |
| Low Date |
05/22/2025 |
| High |
59.17 |
| High Date |
05/23/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Test Support |
| Resistance |
60.05 |
| Support |
59.01 |
| Low |
48.49 |
| Low Date |
04/08/2025 |
| High |
59.92 |
| High Date |
05/21/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
53.88 |
| Support |
47.40 |
| High |
69.52 |
| High Date |
07/11/2024 |
| Low |
48.49 |
| Low Date |
04/08/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
96.29 |
| High Date |
01/08/2021 |
| Low |
47.19 |
| Low Date |
10/13/2022 |
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