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

Archive
- 4/2/2026 -
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iShares MSCI France Index (EWQ) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 3 consecutive negative weeks for the iShares MSCI France Index (EWQ). During the week, the EWQ gained 1.88 points, or 4.49%, and closed at 43.75 on Thursday, April 2, 2026. Weekly volume was 111% 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 uptrend resistance line (38.81) 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 downtrend had started on February 26, 2026 at 48.39 and reached 41.58 on March 20, 2026. EWQ lost 6.81 points, or 14.07%, in 3 weeks. The price is now at the 31.86% retracement level.

Weekly Technical Indicators: [See EWQ 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 20, 2026 at 41.58 and reached 44.12 on April 1, 2026. EWQ gained -2.54 points, or -6.11%, in 12 days. The price is now at the 14.57% retracement level.

Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.74
Williams' Percentage Range (W%R) 56.50
Lane's Stochastic (%D-Slow) 59.52
Greed/Fear Indicator (GFI) 52.93
Moving Average Converg./Diverg. (MACD) -0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.26
Williams' Percentage Range (W%R) 79.30
Lane's Stochastic (%D-Slow) 20.60
Greed/Fear Indicator (GFI) 29.22
Moving Average Converg./Diverg. (MACD) 0.60
Trading Signals
Description Value Chart
50 Day Moving Average 45.11
Upper Bollinger Band 45.10
Price 43.75
Daily Stochastic Crossing 43.43
Yearly Trendline Resistance 43.22
20 Day Moving Average 43.17
Weekly Stochastic Crossing 42.68
Parabolic System 42.14
Lower Bollinger Band 41.97
Yearly Trendline Support 38.81
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.58
Low Date 03/20/2026
High 44.12
High Date 04/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.39
High Date 02/26/2026
Low 41.58
Low Date 03/20/2026
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 43.22
Support 38.81
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.