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Downtrend ExhaustionArchive - 3/15/2024 - Sign In to see current Signals. |
iShares MSCI United Kingdom Index (EWU) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the iShares MSCI United Kingdom Index (EWU). During the week, the EWU climbed 0.09 points, or 0.27%, and closed at 33.42 on Friday, March 15, 2024. EWU was trading at average weekly trading volume. Long-term trend: [See EWU long-term trend chart] A long-term downtrend had started on February 10, 2022 at 35.09 and reached 25.36 on September 28, 2022. EWU lost 9.73 points, or 27.73%, in 32 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (33.30). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend. Medium-term trend: [See EWU medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 30.14 and reached 33.81 on March 13, 2024. EWU gained -3.67 points, or -12.18%, in 19 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (32.18) 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 medium-term trend. Weekly Technical Indicators: [See EWU weekly technical indicators chart] Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 November 24, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See EWU short-term trend chart] A short-term uptrend had started on February 13, 2024 at 31.58 and reached 33.81 on March 13, 2024. EWU gained -2.23 points, or -7.06%, in 29 days. The chart has formed a Rising Wedge chart pattern. Daily Technical Indicators: [See EWU daily technical indicators chart] Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since February 15, 2024. This is an indication that the short-term trend is up. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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