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Downtrend Broken Resist.Archive
- 5/2/2025 -
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iShares MSCI Canada Index (EWC) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 0.80 points, or 1.90%, and closed at 42.84 on Friday, May 2, 2025. Weekly volume was -28% below average.
 Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 17.59 and reached 43.33 on December 5, 2024. EWC gained -25.74 points, or -146.33%, in 245 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (38.35) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a long-term trend.
 Medium-term trend: [See EWC medium-term trend chart]
A medium-term downtrend had started on December 5, 2024 at 43.33 and reached 36.70 on April 7, 2025. EWC lost 6.63 points, or 15.30%, in 17 weeks. The price is now at the 92.61% retracement level.
 Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
 Short-term trend: [See EWC short-term trend chart]
A short-term downtrend had started on February 14, 2025 at 42.60 and reached 36.70 on April 7, 2025. EWC lost 5.90 points, or 13.85%, in 52 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since April 14, 2025.
The distance between the Bollinger Bands (15.22%) is close to one year high (12.93%). It is 135.40% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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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