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Downtrend ResistanceArchive
- 7/2/2026 -
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iShares MSCI Australia Index (EWA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA climbed 0.12 points, or 0.43%, and closed at 28.09 on Thursday, July 2, 2026. Weekly volume was -34% 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 21.33 and resistance is at 29.35. 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 Wedge chart pattern. The uptrend support line (29.20) 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 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 May 15, 2026. Use the following link to access a MACD help.
 Short-term trend: [See EWA short-term trend chart]
A short-term downtrend had started on June 12, 2026 at 29.34 and reached 27.67 on July 1, 2026. EWA lost 1.67 points, or 5.69%, in 19 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 Lane's Stochastic help.
The daily MACD line is below its signal line since June 17, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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