The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 1/9/2026 -
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iShares MSCI France Index (EWQ) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a seventh consecutive positive week for the iShares MSCI France Index (EWQ). During the week, the EWQ gained 0.57 points, or 1.26%, and closed at 45.88 on Friday, January 9, 2026. It was the best weekly gain since November 28, 2025. Weekly volume was -14% below average.

Long-term trend: [See EWQ long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 19.29 and reached 45.94 on January 9, 2026. EWQ gained -26.65 points, or -138.15%, in 303 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (38.06) 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 EWQ medium-term trend chart]
A medium-term uptrend had started on November 20, 2025 at 42.94 and reached 45.94 on January 9, 2026. EWQ gained -3.00 points, or -6.99%, in 7 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EWQ 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See EWQ short-term trend chart]
A short-term uptrend had started on December 31, 2025 at 44.92 and reached 45.94 on January 9, 2026. EWQ gained -1.02 points, or -2.27%, in 9 days. The price is now at the 5.88% retracement level.

Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since November 26, 2025. 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 2.62% on Friday. It is 62.22% lower than one year average. It indicates the period of low volatility of the stock price. 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) 73.68
Williams' Percentage Range (W%R) 17.80
Overbought
Lane's Stochastic (%D-Slow) 82.14
Overbought
Greed/Fear Indicator (GFI) 79.34
Moving Average Converg./Diverg. (MACD) 0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.15
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 80.65
Overbought
Greed/Fear Indicator (GFI) 76.67
Moving Average Converg./Diverg. (MACD) 0.79
Trading Signals
Description Value Chart
Price 45.88
Daily Stochastic Crossing 45.74
Upper Bollinger Band 45.72
Weekly Stochastic Crossing 45.48
Parabolic System 45.28
20 Day Moving Average 45.13
50 Day Moving Average 44.59
Lower Bollinger Band 44.54
Yearly Trendline Resistance 43.06
Yearly Trendline Support 38.06
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.92
Low Date 12/31/2025
High 45.94
High Date 01/09/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.94
Low Date 11/20/2025
High 45.94
High Date 01/09/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.22
Low Date 01/03/2025
High 45.94
High Date 01/09/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.26
Low Date 09/27/2022
High 45.94
High Date 01/09/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 43.06
Support 38.06
Low 19.29
Low Date 03/18/2020
High 45.94
High Date 01/09/2026
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.