iShares MSCI Switzerland Index (EWL)
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|It was the negative week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL dropped -0.45 points, or -1.15%, and closed at 38.72 on Friday, June 26, 2020. Weekly volume was -31% below average. |
Long-term trend: [See EWL long-term trend chart]
A long-term uptrend had started on December 27, 2018 at 30.24 and reached 42.26 on February 19, 2020. EWL gained -12.02 points, or -39.75%, in 59 weeks. The price is now at the 29.45% retracement level.
Medium-term trend: [See EWL medium-term trend chart]
A medium-term uptrend had started on March 16, 2020 at 29.55 and reached 40.24 on June 10, 2020. EWL gained -10.69 points, or -36.18%, in 12 weeks. The price is now at the 14.22% retracement level.
Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See EWL short-term trend chart]
A short-term downtrend had started on June 10, 2020 at 40.24 and reached 37.67 on June 15, 2020. EWL lost 2.57 points, or 6.39%, in 5 days. The chart has formed a Symmetric Triangle chart pattern.
Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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.