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Downtrend Resistance
Downtrend Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 8/21/2026 -
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iShares MSCI Australia Index (EWA) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtTrend resistance at 29.51Trend support at 30.18
Daily :A Parabolic SAR indicator is below and near the price
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It was a first positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA gained 0.49 points, or 1.65%, and closed at 30.14 on Friday, August 21, 2026. Weekly volume was -63% 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 (29.51). 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 Wedge chart pattern. The price is near the trend support (30.18) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 31, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 July 1, 2026 at 27.67 and reached 30.45 on August 7, 2026. EWA gained -2.78 points, or -10.05%, in 37 days. The price is now at the 11.15% retracement level.

Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since August 13, 2026. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (30.2) comes close to the price (30.14). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.76
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 40.80
Greed/Fear Indicator (GFI) 58.98
Moving Average Converg./Diverg. (MACD) 0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.01
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 77.04
Greed/Fear Indicator (GFI) 72.00
Moving Average Converg./Diverg. (MACD) 0.37
Trading Signals
Description Value Chart
Monthly Trendline Resistance 32.19
Upper Bollinger Band 30.40
Parabolic System 30.20
Monthly Trendline Support 30.18
Price 30.14
Weekly Stochastic Crossing 29.97
Daily Stochastic Crossing 29.82
20 Day Moving Average 29.75
Quarterly Trendline Resistance 29.51
50 Day Moving Average 28.96
Lower Bollinger Band 28.86
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.67
Low Date 07/01/2026
High 30.45
High Date 08/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.48
High Date 04/17/2026
Low 27.67
Low Date 07/01/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 32.19
Support 30.18
Low 20.51
Low Date 04/07/2025
High 30.48
High Date 04/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 29.51
Support 21.40
Low 19.19
Low Date 10/13/2022
High 30.48
High Date 04/17/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.73
Low Date 03/23/2020
High 30.48
High Date 04/17/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.