The Greedy Trader Weekly Analysis
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- 1/23/2026 -
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iShares MSCI Brazil Index (EWZ) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceWeekly  MACD line has moved above its signal lineTrend resistance at 36.48
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergenceThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a fifth consecutive positive week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ gained 3.42 points, or 10.31%, and closed at 36.59 on Friday, January 23, 2026. Weekly volume was 89% 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 36.89 on January 23, 2026. EWZ gained -14.63 points, or -65.72%, in 57 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (36.48). The resistance is usually stronger when technical indicators are overbought. 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 resistance line 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 36.89 on January 23, 2026. EWZ gained -6.17 points, or -20.08%, in 5 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EWZ weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 and Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See EWZ short-term trend chart]
A short-term uptrend had started on January 13, 2026 at 32.46 and reached 36.89 on January 23, 2026. EWZ gained -4.43 points, or -13.65%, in 10 days. The price is now at the 6.77% retracement level.

Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since January 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.03
Overbought
Williams' Percentage Range (W%R) 15.10
Overbought
Lane's Stochastic (%D-Slow) 87.11
Overbought Bearish
Greed/Fear Indicator (GFI) 85.36
Overbought
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.99
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 50.59
Bearish
Greed/Fear Indicator (GFI) 67.45
Moving Average Converg./Diverg. (MACD) 1.23 Bearish
Trading Signals
Description Value Chart
Daily Stochastic Crossing 36.59
Price 36.59
Quarterly Trendline Resistance 36.48
Upper Bollinger Band 36.19
Parabolic System 34.29
Weekly Stochastic Crossing 34.11
20 Day Moving Average 33.08
50 Day Moving Average 32.86
Quarterly Trendline Support 31.08
Lower Bollinger Band 30.84
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.46
Low Date 01/13/2026
High 36.89
High Date 01/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.46
Low Date 01/13/2026
High 36.89
High Date 01/23/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.72
Low Date 12/17/2025
High 36.89
High Date 01/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 36.48
Support 31.08
Low 22.26
Low Date 12/18/2024
High 36.89
High Date 01/23/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.48
High Date 01/02/2020
Low 20.14
Low Date 03/19/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.