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Downtrend Broken Resist.Archive
- 10/2/2026 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis
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| Summary:
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| | It was the negative week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL dropped -1.43 points, or -2.36%, and closed at 59.23 on Friday, October 2, 2026. On Friday EWL has reached 58.9 - the lowest level since April 10, 2026. Weekly volume was 6% 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 65.53 on February 27, 2026. EWL gained -29.51 points, or -81.93%, in 176 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (59.47). 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 long-term trend.
 Medium-term trend: [See EWL medium-term trend chart]
A medium-term uptrend had started on March 20, 2026 at 55.97 and reached 64.75 on August 25, 2026. EWL gained -8.78 points, or -15.69%, in 22 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (62.65) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EWL may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 below its signal line since August 28, 2026. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See EWL short-term trend chart]
A short-term downtrend had started on August 25, 2026 at 64.75 and reached 58.57 on October 1, 2026. EWL lost 6.18 points, or 9.54%, in 37 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
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.
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