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Downtrend ResistanceArchive
- 2/6/2026 -
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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 fourth consecutive positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA gained 0.48 points, or 1.73%, and closed at 28.23 on Friday, February 6, 2026. Weekly volume was 124% 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 28.65 on January 29, 2026. EWA gained -9.46 points, or -49.30%, in 172 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (28.86). 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 November 20, 2025 at 24.94 and reached 28.65 on January 29, 2026. EWA gained -3.71 points, or -14.88%, in 10 weeks. The price is now at the 11.32% retracement level.
 Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 23, 2026. This is an indication that the medium-term trend is up. 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 December 17, 2025 at 25.58 and reached 28.65 on January 29, 2026. EWA gained -3.07 points, or -12.00%, in 43 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
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 and getting smaller. It indicates that the current short-term uptrend is getting weak.
 Candlestick pattern: [See EWA candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.
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