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Downtrend ResistanceArchive
- 1/2/2026 -
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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 -0.21 points, or -0.79%, and closed at 26.47 on Friday, January 2, 2026. Weekly volume was 69% 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 21.08 and resistance is at 28.75. 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 23.98 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. 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 December 12, 2025. EWA gained -1.85 points, or -7.42%, in 22 days. The price is now at the 17.30% retracement level.
Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 22, 2025. 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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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