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iShares MSCI Japan Index (EWJ) |
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| Summary:
| | | Weekly : | | Daily :
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| | It was the negative week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ dropped -1.07 points, or -1.88%, and closed at 55.71 on Friday, March 17, 2023. Weekly volume was 62% above average.
 Long-term trend: [See EWJ long-term trend chart]
A long-term downtrend had started on September 15, 2021 at 74.12 and reached 47.64 on October 13, 2022. EWJ lost 26.48 points, or 35.73%, in 56 weeks. The price is now at the 30.48% retracement level.
 Medium-term trend: [See EWJ medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 47.64 and reached 59.03 on February 1, 2023. EWJ gained -11.39 points, or -23.91%, in 15 weeks. The price is now at the 29.15% retracement level.
 Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 4, 2022. 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 EWJ short-term trend chart]
A short-term downtrend had started on March 9, 2023 at 58.16 and reached 54.56 on March 15, 2023. EWJ lost 3.60 points, or 6.19%, in 6 days. The price is now at the 31.94% retracement level.
Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.
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