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Downtrend Broken Resist.Archive
- 1/9/2026 -
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iShares MSCI South Korea Index (EWY) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY gained 6.67 points, or 6.53%, and closed at 108.89 on Friday, January 9, 2026. It was the best weekly gain since October 17, 2025. Weekly volume was 85% above average.
 Long-term trend: [See EWY long-term trend chart]
A long-term uptrend had started on April 8, 2025 at 48.49 and reached 109.01 on January 9, 2026. EWY gained -60.52 points, or -124.81%, in 39 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 94.71 and resistance is at 119.56. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See EWY medium-term trend chart]
A medium-term uptrend had started on November 21, 2025 at 86.90 and reached 109.01 on January 9, 2026. EWY gained -22.11 points, or -25.44%, in 7 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See EWY weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 26, 2025. This is an indication that the medium-term trend is up. 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 December 17, 2025 at 88.40 and reached 109.01 on January 9, 2026. EWY gained -20.61 points, or -23.31%, in 23 days. Price is near the trend high.
 Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since December 24, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
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.
The distance between the Bollinger Bands (23.8%) is close to one year high (20.48%). It is 114.75% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.
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