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Advanced TA SearchArchive
- 4/19/2024 -
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iShares MSCI Switzerland Index (EWL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL climbed 0.13 points, or 0.29%, and closed at 45.70 on Friday, April 19, 2024. Weekly volume was 67% above average.
 Long-term trend: [See EWL long-term trend chart]
A long-term downtrend had started on December 28, 2021 at 53.06 and reached 36.02 on October 13, 2022. EWL lost 17.04 points, or 32.11%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 44.07 and resistance is at 45.99. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See EWL medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 36.02 and reached 48.94 on May 3, 2023. EWL gained -12.92 points, or -35.87%, in 28 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 44.07 and resistance is at 48.85. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since March 28, 2024. Use the following link to access a MACD help.
 Short-term trend: [See EWL short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 48.86 and reached 45.04 on April 16, 2024. EWL lost 3.82 points, or 7.82%, in 34 days. The price is now at the 17.28% retracement level.
 Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 19, 2024. This is an indication that the short-term trend is down.
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.
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