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Archive
- 5/29/2026 -
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iShares MSCI Australia Index (EWA) Technical Analysis
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| Summary:
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| | It was a second consecutive positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA gained 0.47 points, or 1.63%, and closed at 29.25 on Friday, May 29, 2026. Weekly volume was -65% below average.
 Long-term trend: [See EWA long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 19.19 and reached 30.48 on April 17, 2026. EWA gained -11.29 points, or -58.83%, in 183 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (29.24). 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 EWA medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 20.51 and reached 30.48 on April 17, 2026. EWA gained -9.97 points, or -48.61%, in 53 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 27.75 and resistance is at 31.72. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 15, 2026. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See EWA short-term trend chart]
A short-term uptrend had started on November 20, 2025 at 24.94 and reached 30.48 on April 17, 2026. EWA gained -5.54 points, or -22.21%, in 148 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 28.06 and resistance is at 30.68. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
Daily Technical Indicators: [See EWA 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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