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Downtrend Broken Resist.Archive
- 9/18/2026 -
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iShares MSCI South Korea Index (EWY) Technical Analysis
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| Summary:
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| | It was the negative week for the iShares MSCI South Korea Index (EWY). During the week, the EWY dropped -7.41 points, or -3.93%, and closed at 181.31 on Friday, September 18, 2026. It was the worst weekly loss since July 17, 2026. Weekly volume was -20% below average.
 Long-term trend: [See EWY long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 47.19 and reached 220.89 on June 18, 2026. EWY gained -173.70 points, or -368.09%, in 192 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (55.27) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 downtrend had started on June 18, 2026 at 220.89 and reached 142.64 on July 29, 2026. EWY lost 78.25 points, or 35.42%, in 5 weeks. The price is now at the 49.42% retracement level.
 Weekly Technical Indicators: [See EWY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 10, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See EWY short-term trend chart]
A short-term downtrend had started on September 9, 2026 at 193.93 and reached 173.90 on September 16, 2026. EWY lost 20.03 points, or 10.33%, in 7 days. The chart has formed a Falling Channel chart pattern.
Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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