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Downtrend Broken Resist.Archive
- 8/7/2026 -
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iShares MSCI Germany Index (EWG) Technical Analysis
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| Summary:
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| | It was a second positive week after 3 consecutive negative weeks for the iShares MSCI Germany Index (EWG). During the week, the EWG gained 1.17 points, or 2.73%, and closed at 44.02 on Friday, August 7, 2026. On Friday EWG has reached 44.12 - the highest level since February 27, 2026. Weekly volume was -59% below average.
 Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 19.35 and reached 44.65 on February 27, 2026. EWG gained -25.30 points, or -130.75%, in 178 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 38.80 and resistance is at 46.50. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See EWG medium-term trend chart]
A medium-term downtrend had started on February 27, 2026 at 44.65 and reached 37.98 on March 27, 2026. EWG lost 6.67 points, or 14.94%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (41.58) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWG may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.
 Weekly Technical Indicators: [See EWG 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 EWG short-term trend chart]
A short-term uptrend had started on July 23, 2026 at 40.47 and reached 44.12 on August 7, 2026. EWG gained -3.65 points, or -9.02%, in 15 days. Price is near the trend high.
 Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since July 24, 2026. This is an indication that the short-term trend is up.
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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