|
|
Indices ETFs Technical Analysis - EWJArchive
- 5/17/2024 -
Sign In to see current Signals. |
iShares MSCI Japan Index (EWJ) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was a first positive week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ gained 0.78 points, or 1.15%, and closed at 68.73 on Friday, May 17, 2024. Weekly volume was -16% below average.
 Long-term trend: [See EWJ long-term trend chart]
A long-term downtrend had started on September 15, 2021 at 74.12 and reached 47.64 on October 13, 2022. EWJ lost 26.48 points, or 35.73%, in 56 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (62.35) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See EWJ medium-term trend chart]
A medium-term downtrend had started on March 22, 2024 at 72.07 and reached 65.84 on April 25, 2024. EWJ lost 6.23 points, or 8.64%, in 4 weeks. The price is now at the 46.39% retracement level.
 Weekly Technical Indicators: [See EWJ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See EWJ short-term trend chart]
A short-term uptrend had started on April 25, 2024 at 65.84 and reached 69.73 on May 6, 2024. EWJ gained -3.89 points, or -5.91%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
Price is close to the 50 Day Moving Average. 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.
| |
|
|