iShares MSCI France Index (EWQ)
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|It was a fifth positive week after 3 consecutive negative weeks for the iShares MSCI France Index (EWQ). During the week, the EWQ climbed 0.25 points, or 0.80%, and closed at 31.68 on Friday, November 8, 2019. Weekly volume was -58% below average. |
Long-term trend: [See EWQ long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 33.73 and reached 25.53 on December 26, 2018. EWQ lost 8.20 points, or 24.31%, in 47 weeks. The price is now at the 75% retracement level.
Medium-term trend: [See EWQ medium-term trend chart]
A medium-term uptrend had started on August 15, 2019 at 28.28 and reached 31.74 on November 7, 2019. EWQ gained -3.46 points, or -12.23%, in 12 weeks. Price is near the trend high.
Weekly Technical Indicators: [See EWQ weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 11, 2019. This is an indication that the medium-term trend is up. 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 October 3, 2019 at 28.91 and reached 31.74 on November 7, 2019. EWQ gained -2.83 points, or -9.79%, in 35 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish 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 bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since October 10, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (31.46) comes close to the price (31.68). It indicates that the trend is getting weaker. 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.