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Downtrend ResistanceArchive
- 4/2/2026 -
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iShares MSCI Australia Index (EWA) Technical Analysis
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| Summary:
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| | It was a first positive week after 4 consecutive negative weeks for the iShares MSCI Australia Index (EWA). During the week, the EWA gained 0.89 points, or 3.27%, and closed at 28.10 on Thursday, April 2, 2026. It was the best weekly gain since February 13, 2026. Weekly volume was 33% above 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 30.24 on February 27, 2026. EWA gained -11.05 points, or -57.58%, in 176 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 21.21 and resistance is at 29.05. 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 EWA medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 20.51 and reached 30.24 on February 27, 2026. EWA gained -9.73 points, or -47.44%, in 46 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 26.68 and resistance is at 30.80. 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 30.24 on February 27, 2026. EWA gained -5.30 points, or -21.25%, in 99 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 27.14 and resistance is at 31.87. 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 short-term trend.
Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 2, 2026. The distance between MACD and the signal line is low and getting smaller.
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 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.
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