The Greedy Trader Weekly Analysis
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- 9/4/2026 -
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iShares MSCI Japan Index (EWJ) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ gained 2.41 points, or 2.51%, and closed at 98.28 on Friday, September 4, 2026. Weekly volume was -40% below average.

Long-term trend: [See EWJ long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 47.64 and reached 98.79 on August 13, 2026. EWJ gained -51.15 points, or -107.37%, in 200 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (63.24) 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 EWJ medium-term trend chart]
A medium-term uptrend had started on July 29, 2026 at 89.09 and reached 98.79 on August 13, 2026. EWJ gained -9.70 points, or -10.89%, in 2 weeks. The price is now at the 5.26% retracement level.

Weekly Technical Indicators: [See EWJ 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.

The weekly MACD line is above its signal line since August 7, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EWJ short-term trend chart]
A short-term downtrend had started on August 13, 2026 at 98.79 and reached 94.05 on August 20, 2026. EWJ lost 4.74 points, or 4.80%, in 7 days. The chart has formed a Symmetric Triangle chart pattern.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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 price touches the upper Bollinger Band. 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) 50.53
Williams' Percentage Range (W%R) 23.50
Lane's Stochastic (%D-Slow) 67.57
Greed/Fear Indicator (GFI) 64.86
Moving Average Converg./Diverg. (MACD) 0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.61
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 74.30
Greed/Fear Indicator (GFI) 74.45
Moving Average Converg./Diverg. (MACD) 2.45
Trading Signals
Description Value Chart
Upper Bollinger Band 98.46
Price 98.28
Daily Stochastic Crossing 97.47
Weekly Stochastic Crossing 96.41
20 Day Moving Average 96.28
50 Day Moving Average 94.22
Parabolic System 94.13
Lower Bollinger Band 93.22
Quarterly Trendline Resistance 88.45
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 98.79
High Date 08/13/2026
Low 94.05
Low Date 08/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.09
Low Date 07/29/2026
High 98.79
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.84
Low Date 04/07/2025
High 98.79
High Date 08/13/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 88.45
Support 63.24
Low 47.64
Low Date 10/13/2022
High 98.79
High Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.84
Low Date 03/09/2009
High 98.79
High Date 08/13/2026
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.