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Downtrend Broken Resist.Archive
- 5/29/2026 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL climbed 0.49 points, or 0.78%, and closed at 63.13 on Friday, May 29, 2026. EWL was trading at average weekly trading volume.
 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 (48.80) 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 (62.40) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWL may retest the broken resistance line. It is considered to be a support 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 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 63.60 on May 29, 2026. EWL gained -7.63 points, or -13.63%, in 70 days. The price is now at the 6.16% retracement level.
 Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 daily MACD line is above its signal line since May 19, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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