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Advanced TA SearchArchive
- 5/3/2024 -
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iShares MSCI France Index (EWQ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the iShares MSCI France Index (EWQ). During the week, the EWQ gave back -0.03 points, or -0.07%, and closed at 40.64 on Friday, May 3, 2024. Weekly volume was -29% below average.
 Long-term trend: [See EWQ long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 33.66 and reached 41.88 on March 20, 2024. EWQ gained -8.22 points, or -24.42%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (41.88) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See EWQ medium-term trend chart]
A medium-term downtrend had started on March 20, 2024 at 41.88 and reached 39.25 on April 16, 2024. EWQ lost 2.63 points, or 6.28%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (39.92) 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 medium-term trend.
 Weekly Technical Indicators: [See EWQ weekly technical indicators chart]
Weekly technical indicators are neutral.
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 EWQ short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 39.25 and reached 40.87 on May 3, 2024. EWQ gained -1.62 points, or -4.13%, in 17 days. The price is now at the 14.20% retracement level.
Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.
The daily MACD line is above its signal line since May 2, 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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