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Downtrend Broken Resist.Archive
- 5/8/2026 -
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iShares FTSE/Xinhua China 25 Index (FXI) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI gained 0.43 points, or 1.17%, and closed at 37.24 on Friday, May 8, 2026. Weekly volume was -15% below average.
 Long-term trend: [See FXI long-term trend chart]
A long-term uptrend had started on January 22, 2024 at 20.86 and reached 42.00 on October 2, 2025. FXI gained -21.14 points, or -101.34%, in 88 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See FXI medium-term trend chart]
A medium-term downtrend had started on October 2, 2025 at 42.00 and reached 34.77 on March 27, 2026. FXI lost 7.23 points, or 17.21%, in 25 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 33.55 and resistance is at 40.46. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FXI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 17, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See FXI short-term trend chart]
A short-term downtrend had started on April 17, 2026 at 37.88 and reached 36.12 on April 28, 2026. FXI lost 1.76 points, or 4.65%, in 11 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (36.68) 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. FXI 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 short-term trend.
 Daily Technical Indicators: [See FXI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
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