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Downtrend ResistanceArchive
- 1/16/2026 -
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iShares MSCI Australia Index (EWA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA gained 0.48 points, or 1.83%, and closed at 26.74 on Friday, January 16, 2026. Weekly volume was 47% 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 27.57 on September 15, 2025. EWA gained -8.38 points, or -43.67%, in 152 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 21.10 and resistance is at 28.80. 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 downtrend had started on September 15, 2025 at 27.57 and reached 24.94 on November 20, 2025. EWA lost 2.63 points, or 9.54%, in 9 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 23.63 and resistance is at 27.56. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge 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 October 10, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 26.79 on January 16, 2026. EWA gained -1.85 points, or -7.42%, in 57 days. The chart has formed a Ascending Triangle chart pattern.
 Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 daily MACD line is above its signal line since January 14, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
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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