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Downtrend Broken Resist.Archive
- 5/8/2026 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL climbed 0.52 points, or 0.85%, and closed at 61.80 on Friday, May 8, 2026. Weekly volume was -26% below 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 uptrend resistance line (48.63) 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 downtrend had started on February 27, 2026 at 65.53 and reached 55.97 on March 20, 2026. EWL lost 9.56 points, or 14.59%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (60.52) is broken. A broken support is considered to be a long-term bullish signal. 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 technical indicators are neutral.
The weekly MACD line is below its signal line since March 6, 2026. This is an indication that the medium-term trend is down. 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 March 20, 2026 at 55.97 and reached 62.84 on April 17, 2026. EWL gained -6.87 points, or -12.27%, in 28 days. The price is now at the 15.14% retracement level.
Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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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