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Archive
- 3/20/2026 -
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iShares MSCI Brazil Index (EWZ) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ dropped -0.43 points, or -1.21%, and closed at 35.06 on Friday, March 20, 2026. Weekly volume was 16% above average.
 Long-term trend: [See EWZ long-term trend chart]
A long-term uptrend had started on December 18, 2024 at 22.26 and reached 39.69 on February 25, 2026. EWZ gained -17.43 points, or -78.30%, in 62 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 32.38 and resistance is at 38.47. 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 EWZ medium-term trend chart]
A medium-term uptrend had started on December 17, 2025 at 30.72 and reached 39.69 on February 25, 2026. EWZ gained -8.97 points, or -29.20%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (42.48) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See EWZ weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since January 16, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See EWZ short-term trend chart]
A short-term downtrend had started on February 25, 2026 at 39.69 and reached 34.82 on March 20, 2026. EWZ lost 4.87 points, or 12.27%, in 23 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (34.96) 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 short-term trend.
Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since February 12, 2026. This is an indication that the short-term trend is down.
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