|
|
|
|
Downtrend ResistanceArchive
- 5/2/2025 -
Sign In to see current Signals. |
iShares MSCI South Korea Index (EWY) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a fourth consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY gained 1.90 points, or 3.40%, and closed at 57.71 on Friday, May 2, 2025. Weekly volume was -19% below average.
 Long-term trend: [See EWY long-term trend chart]
A long-term downtrend had started on January 8, 2021 at 96.29 and reached 47.19 on October 13, 2022. EWY lost 49.10 points, or 50.99%, in 91 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See EWY medium-term trend chart]
A medium-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 (47.91) 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. EWY 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 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. 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 7, 2025. 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 April 8, 2025 at 48.49 and reached 58.10 on May 2, 2025. EWY gained -9.61 points, or -19.82%, in 24 days. Price is near the trend high.
 Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 14, 2025. This is an indication that the short-term trend is up.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
|
|
| Industry |
|
|
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
48.49 |
| Low Date |
04/08/2025 |
| High |
58.10 |
| High Date |
05/02/2025 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
48.49 |
| Low Date |
04/08/2025 |
| High |
58.10 |
| High Date |
05/02/2025 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
48.49 |
| Low Date |
04/08/2025 |
| High |
58.10 |
| High Date |
05/02/2025 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
54.95 |
| Support |
47.91 |
| High |
69.52 |
| High Date |
07/11/2024 |
| Low |
48.49 |
| Low Date |
04/08/2025 |
|
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
|
| Resistance |
|
| Support |
|
| High |
96.29 |
| High Date |
01/08/2021 |
| Low |
47.19 |
| Low Date |
10/13/2022 |
|
|