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Advanced TA SearchArchive - 4/19/2024 - Sign In to see current Signals. |
iShares MSCI France Index (EWQ) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the iShares MSCI France Index (EWQ). During the week, the EWQ climbed 0.30 points, or 0.76%, and closed at 39.91 on Friday, April 19, 2024. Weekly volume was 57% above average. Long-term trend: [See EWQ long-term trend chart] A long-term uptrend had started on September 27, 2022 at 26.26 and reached 41.88 on March 20, 2024. EWQ gained -15.62 points, or -59.48%, in 77 weeks. The price is now at the 12.61% retracement level. Medium-term trend: [See EWQ medium-term trend chart] A medium-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 (41.24) 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 medium-term trend. Weekly Technical Indicators: [See EWQ weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 17, 2024 at 37.10 and reached 41.88 on March 20, 2024. EWQ gained -4.78 points, or -12.88%, in 63 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (40.21) 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 short-term trend. Daily Technical Indicators: [See EWQ daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 21, 2024. A Parabolic SAR (stop and reversal) indicator (40.09) comes close to the price (39.91). 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.
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