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Downtrend ResistanceArchive
- 10/9/2026 -
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iShares MSCI France Index (EWQ) Technical Analysis
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| Summary:
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| | It was the negative week for the iShares MSCI France Index (EWQ). During the week, the EWQ dropped -0.71 points, or -1.68%, and closed at 41.52 on Friday, October 9, 2026. Weekly volume was 29% above 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 trend support level is at 40.53 and resistance is at 43.59. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See EWQ medium-term trend chart]
A medium-term uptrend had started on January 3, 2025 at 35.22 and reached 48.39 on February 26, 2026. EWQ gained -13.17 points, or -37.39%, in 59 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (44.53) 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 Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since September 4, 2026. The distance between MACD and the signal line is near its high and getting bigger. 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 August 7, 2026 at 47.97 and reached 40.93 on October 8, 2026. EWQ lost 7.04 points, or 14.68%, in 62 days. The price is now at the 8.38% retracement level.
 Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish 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 bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since August 17, 2026. This is an indication that the short-term trend is down.
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