The Greedy Trader Weekly Analysis
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Indices ETFs Technical Analysis - EWI

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- 1/23/2026 -
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iShares MSCI Italy Index (EWI) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWeekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :A Parabolic SAR indicator is below and near the priceThe Bollinger Bands are historically close together
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It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI gave back -0.01 points, or -0.02%, and closed at 54.91 on Friday, January 23, 2026. Weekly volume was -19% below average.

Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 20.99 and reached 55.75 on January 6, 2026. EWI gained -34.76 points, or -165.60%, in 168 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (45.69) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 EWI medium-term trend chart]
A medium-term uptrend had started on April 8, 2025 at 36.20 and reached 55.75 on January 6, 2026. EWI gained -19.55 points, or -54.01%, in 39 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See EWI short-term trend chart]
A short-term downtrend had started on January 6, 2026 at 55.75 and reached 53.63 on January 21, 2026. EWI lost 2.12 points, or 3.80%, in 15 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since January 9, 2026. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (55.05) comes close to the price (54.91). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands (2.91%) is close to one year low (3.29%). It is 62.99% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.43
Williams' Percentage Range (W%R) 65.10
Lane's Stochastic (%D-Slow) 43.47
Greed/Fear Indicator (GFI) 41.95
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.56
Williams' Percentage Range (W%R) 24.20
Lane's Stochastic (%D-Slow) 87.36
Overbought
Greed/Fear Indicator (GFI) 73.28
Moving Average Converg./Diverg. (MACD) 1.89
Trading Signals
Description Value Chart
Upper Bollinger Band 55.41
Weekly Stochastic Crossing 55.22
Parabolic System 55.05
Price 54.91
20 Day Moving Average 54.83
Daily Stochastic Crossing 54.37
Lower Bollinger Band 53.80
50 Day Moving Average 53.78
Quarterly Trendline Resistance 47.48
Quarterly Trendline Support 45.69
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 55.75
High Date 01/06/2026
Low 53.63
Low Date 01/21/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.20
Low Date 04/08/2025
High 55.75
High Date 01/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.20
Low Date 12/20/2024
High 55.75
High Date 01/06/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 47.48
Support 45.69
Low 20.99
Low Date 10/13/2022
High 55.75
High Date 01/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.84
Low Date 03/16/2020
High 55.75
High Date 01/06/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.