|
|
Archive
- 9/4/2026 -
Sign In to see current Signals. |
iShares MSCI South Korea Index (EWY) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY gained 8.67 points, or 4.81%, and closed at 188.87 on Friday, September 4, 2026. Weekly volume was -21% below average.
 Long-term trend: [See EWY long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 47.19 and reached 220.89 on June 18, 2026. EWY gained -173.70 points, or -368.09%, in 192 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (54.48) 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 EWY medium-term trend chart]
A medium-term downtrend had started on June 18, 2026 at 220.89 and reached 142.64 on July 29, 2026. EWY lost 78.25 points, or 35.42%, in 5 weeks. The price is now at the 59.08% retracement level.
 Weekly Technical Indicators: [See EWY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since July 10, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See EWY short-term trend chart]
A short-term uptrend had started on July 29, 2026 at 142.64 and reached 190.11 on August 17, 2026. EWY gained -47.47 points, or -33.28%, in 19 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (176.11) 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 short-term trend.
Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since August 3, 2026. 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.
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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.
 Candlestick pattern: [See EWY candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.
| |
|
|