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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/23/2026 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :The price is above the upper Bollinger BandTrend resistance at 60.89The Bollinger Bands are historically close together
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It was a first positive week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL climbed 0.36 points, or 0.59%, and closed at 60.87 on Friday, January 23, 2026. Weekly volume was 24% above average.

Long-term trend: [See EWL long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 36.02 and reached 60.92 on January 23, 2026. EWL gained -24.90 points, or -69.13%, in 171 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (47.74) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 EWL medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 46.22 and reached 60.92 on January 23, 2026. EWL gained -14.70 points, or -31.80%, in 41 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (58.46) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. 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 November 21, 2025. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EWL short-term trend chart]
A short-term uptrend had started on August 1, 2025 at 51.83 and reached 60.92 on January 23, 2026. EWL gained -9.09 points, or -17.54%, in 175 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (60.89). 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 short-term trend.

Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since January 5, 2026. The distance between MACD and the signal line is low and getting smaller.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (1.51%) is close to one year low (2.25%). It is 77.28% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.46
Williams' Percentage Range (W%R) 52.30
Lane's Stochastic (%D-Slow) 62.19
Greed/Fear Indicator (GFI) 55.77
Moving Average Converg./Diverg. (MACD) 0.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.16
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 94.89
Strong Overbought
Greed/Fear Indicator (GFI) 81.55
Overbought
Moving Average Converg./Diverg. (MACD) 1.35
Trading Signals
Description Value Chart
Weekly Trendline Resistance 60.89
Price 60.87
Weekly Stochastic Crossing 60.69
Upper Bollinger Band 60.65
Daily Stochastic Crossing 60.53
20 Day Moving Average 60.44
Parabolic System 59.82
Lower Bollinger Band 59.74
50 Day Moving Average 58.95
Monthly Trendline Support 58.46
Weekly Trendline Support 57.43
Quarterly Trendline Resistance 57.33
Monthly Trendline Resistance 56.64
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 54.81
Low Date 11/04/2025
High 60.92
High Date 01/23/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 60.89
Support 57.43
Low 51.83
Low Date 08/01/2025
High 60.92
High Date 01/23/2026
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 56.64
Support 58.46
Low 46.22
Low Date 04/07/2025
High 60.92
High Date 01/23/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 57.33
Support 47.74
Low 36.02
Low Date 10/13/2022
High 60.92
High Date 01/23/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.52
Low Date 02/11/2016
High 60.92
High Date 01/23/2026
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.