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iShares MSCI Switzerland Index |
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL gave back -0.13 points, or -0.39%, and closed at 33.58 on Friday, June 08, 2018. Weekly volume was -14% below average.
 Long-term trend: [See EWL long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 27.52 and reached 37.84 on January 25, 2018. EWL gained -10.32 points, or -37.5%, in 102 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 28.64 and resistance is at 39.28. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See EWL medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 37.84 and reached 33.16 on May 31, 2018. EWL lost 4.68 points, or 12.37%, in 18 weeks. The price is now at the 8.97% retracement level.
 Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since February 9, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See EWL short-term trend chart]
A short-term uptrend had started on May 31, 2018 at 33.16 and reached 33.87 on June 4, 2018. EWL gained -0.71 points, or -2.14%, in 4 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 33.46 and resistance is at 33.72. 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 short-term trend.
 Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since May 22, 2018. The distance between MACD and the signal line is low and getting smaller.
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