|
|
Uptrend SupportArchive
- 5/2/2025 -
Sign In to see current Signals. |
iShares FTSE/Xinhua China 25 Index (FXI) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI gained 0.93 points, or 2.74%, and closed at 34.91 on Friday, May 2, 2025. Weekly volume was -40% below average.
 Long-term trend: [See FXI long-term trend chart]
A long-term downtrend had started on February 17, 2021 at 54.53 and reached 20.86 on January 22, 2024. FXI lost 33.67 points, or 61.75%, in 152 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (20.85) 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 long-term trend.
 Medium-term trend: [See FXI medium-term trend chart]
A medium-term uptrend had started on January 22, 2024 at 20.86 and reached 38.73 on March 18, 2025. FXI gained -17.87 points, or -85.67%, in 60 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 30.39 and resistance is at 49.17. 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 FXI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 4, 2025. Use the following link to access a MACD help.
 Short-term trend: [See FXI short-term trend chart]
A short-term uptrend had started on April 8, 2025 at 29.21 and reached 34.99 on May 2, 2025. FXI gained -5.78 points, or -19.79%, in 24 days. Price is near the trend high.
 Daily Technical Indicators: [See FXI daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
| |
|
|