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Downtrend Broken Resist.Archive - 6/27/2025 - Sign In to see current Signals. |
iShares MSCI South Korea Index (EWY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :  Move cursor over the icon to see details.
| | It was a seventh consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY gained 2.21 points, or 3.22%, and closed at 70.74 on Friday, June 27, 2025. Weekly volume was 60% above 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 72.68 on June 24, 2025. EWY gained -25.49 points, or -54.02%, in 140 weeks. The price is now at the 7.61% retracement level.
Medium-term trend: [See EWY medium-term trend chart] A medium-term uptrend had started on April 8, 2025 at 48.49 and reached 72.68 on June 24, 2025. EWY gained -24.19 points, or -49.89%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 69.48 and resistance is at 73.71. 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 medium-term trend.
Weekly Technical Indicators: [See EWY weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 near its 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 downtrend had started on June 24, 2025 at 72.68 and reached 70.44 on June 27, 2025. EWY lost 2.24 points, or 3.08%, in 3 days. The price is now at the 13.39% retracement level.
Daily Technical Indicators: [See EWY daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. The daily MACD line is above its signal line since April 14, 2025. A Parabolic SAR (stop and reversal) indicator (70.36) comes close to the price (70.74). 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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