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Archive
- 5/29/2026 -
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iShares MSCI Italy Index (EWI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the iShares MSCI Italy Index (EWI). During the week, the EWI gained 0.78 points, or 1.33%, and closed at 59.37 on Friday, May 29, 2026. Weekly volume was -23% below average.
 Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 20.99 and reached 59.85 on May 29, 2026. EWI gained -38.86 points, or -185.14%, in 189 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (48.30) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 EWI medium-term trend chart]
A medium-term uptrend had started on March 20, 2026 at 50.48 and reached 59.85 on May 29, 2026. EWI gained -9.37 points, or -18.56%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 58.77 and resistance is at 60.27. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since April 24, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See EWI short-term trend chart]
A short-term uptrend had started on May 19, 2026 at 57.33 and reached 59.85 on May 29, 2026. EWI gained -2.52 points, or -4.40%, in 10 days. The price is now at the 19.05% retracement level.
 Daily Technical Indicators: [See EWI 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.
The daily MACD line is below its signal line since May 14, 2026. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
57.33 |
| Low Date |
05/19/2026 |
| High |
59.85 |
| High Date |
05/29/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Valid |
| Resistance |
60.27 |
| Support |
58.77 |
| Low |
50.48 |
| Low Date |
03/20/2026 |
| High |
59.85 |
| High Date |
05/29/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
35.20 |
| Low Date |
12/20/2024 |
| High |
59.85 |
| High Date |
05/29/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Resistance |
| Resistance |
49.36 |
| Support |
48.30 |
| Low |
20.99 |
| Low Date |
10/13/2022 |
| High |
59.85 |
| High Date |
05/29/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
17.84 |
| Low Date |
03/16/2020 |
| High |
59.85 |
| High Date |
05/29/2026 |
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