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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- 6/26/2026 -
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iShares MSCI France Index (EWQ) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend support line
Daily :Lane's Stochastic is oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares MSCI France Index (EWQ). During the week, the EWQ dropped -0.99 points, or -2.16%, and closed at 44.82 on Friday, June 26, 2026. 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 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 (39.57) 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 47.27 on April 17, 2026. EWQ gained -5.69 points, or -13.68%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (47.05) 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. EWQ 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 EWQ weekly technical indicators chart]
Weekly technical indicators are neutral.

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

Short-term trend: [See EWQ short-term trend chart]
A short-term downtrend had started on May 6, 2026 at 46.78 and reached 44.09 on May 15, 2026. EWQ lost 2.69 points, or 5.75%, in 9 days. The price is now at the 27.14% retracement level.

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

The daily MACD line is below its signal line since June 16, 2026. This is an indication that the short-term trend is down.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.02
Williams' Percentage Range (W%R) 78.90
Lane's Stochastic (%D-Slow) 9.20
Strong Oversold
Greed/Fear Indicator (GFI) 25.43
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.26
Williams' Percentage Range (W%R) 48.30
Lane's Stochastic (%D-Slow) 59.25
Greed/Fear Indicator (GFI) 54.52
Moving Average Converg./Diverg. (MACD) 0.32
Trading Signals
Description Value Chart
Weekly Trendline Support 47.05
Upper Bollinger Band 46.51
Parabolic System 45.99
20 Day Moving Average 45.64
Weekly Stochastic Crossing 45.57
50 Day Moving Average 45.49
Weekly Trendline Resistance 45.47
Daily Stochastic Crossing 44.84
Price 44.82
Lower Bollinger Band 44.37
Yearly Trendline Resistance 43.38
Yearly Trendline Support 39.57
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.78
High Date 05/06/2026
Low 44.09
Low Date 05/15/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 45.47
Support 47.05
Low 41.58
Low Date 03/20/2026
High 47.27
High Date 04/17/2026
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 43.38
Support 39.57
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.