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Downtrend ResistanceArchive
- 10/2/2026 -
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iShares MSCI Australia Index (EWA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the iShares MSCI Australia Index (EWA). During the week, the EWA gave back -0.11 points, or -0.39%, and closed at 28.32 on Friday, October 2, 2026. Weekly volume was -10% 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 trend support level is at 21.46 and resistance is at 29.65. 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 30.48 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 price is near the trend support (28.68) 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 technical indicators are neutral.
The weekly MACD line is below its signal line since September 11, 2026. 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 chart has formed a Ascending Triangle chart pattern. The uptrend support line (31.37) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support 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 August 25, 2026. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (28.45) comes close to the price (28.32). 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.
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