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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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- 8/21/2026 -
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iShares MSCI France Index (EWQ) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic is oversold
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It was the negative week for the iShares MSCI France Index (EWQ). During the week, the EWQ gave back -0.47 points, or -0.99%, and closed at 47.00 on Friday, August 21, 2026. Weekly volume was -18% 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 48.39 on February 26, 2026. EWQ gained -29.10 points, or -150.86%, in 310 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (40.08) 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 EWQ medium-term trend chart]
A medium-term uptrend had started on March 20, 2026 at 41.58 and reached 47.97 on August 7, 2026. EWQ gained -6.39 points, or -15.37%, in 20 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 48.94 and resistance is at 44.02. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See EWQ weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 31, 2026. This is an indication that the medium-term trend is up. 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 May 4, 2026 at 44.03 and reached 47.97 on August 7, 2026. EWQ gained -3.94 points, or -8.95%, in 95 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.84
Williams' Percentage Range (W%R) 32.90
Lane's Stochastic (%D-Slow) 17.44
Oversold
Greed/Fear Indicator (GFI) 44.80
Moving Average Converg./Diverg. (MACD) 0.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.24
Williams' Percentage Range (W%R) 17.00
Overbought
Lane's Stochastic (%D-Slow) 69.98
Greed/Fear Indicator (GFI) 68.42
Moving Average Converg./Diverg. (MACD) 0.35
Trading Signals
Description Value Chart
Weekly Trendline Support 48.94
Upper Bollinger Band 48.31
Parabolic System 47.60
Weekly Stochastic Crossing 47.26
Price 47.00
20 Day Moving Average 46.99
Daily Stochastic Crossing 46.89
50 Day Moving Average 45.99
Lower Bollinger Band 45.36
Weekly Trendline Resistance 44.02
Yearly Trendline Resistance 43.49
Yearly Trendline Support 40.08
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 44.03
Low Date 05/04/2026
High 47.97
High Date 08/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 44.02
Support 48.94
Low 41.58
Low Date 03/20/2026
High 47.97
High Date 08/07/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.22
Low Date 01/03/2025
High 48.39
High Date 02/26/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.26
Low Date 09/27/2022
High 48.39
High Date 02/26/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 43.49
Support 40.08
Low 19.29
Low Date 03/18/2020
High 48.39
High Date 02/26/2026
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.