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Archive
- 4/17/2025 -
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iShares MSCI South Korea Index (EWY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | During the week, the EWY has not change and closed at 54.31 on Thursday, April 17, 2025. Weekly volume was -22% below average.
 Long-term trend: [See EWY long-term trend chart]
A long-term downtrend had started on July 11, 2024 at 69.52 and reached 48.49 on April 8, 2025. EWY lost 21.03 points, or 30.25%, in 38 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (55.76) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See EWY medium-term trend chart]
A medium-term downtrend had started on February 20, 2025 at 58.54 and reached 48.49 on April 8, 2025. EWY lost 10.05 points, or 17.17%, in 6 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 46.74 and resistance is at 57.10. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EWY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 7, 2025. The distance between MACD and the signal line is low, but getting bigger. 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 April 8, 2025 at 48.49 and reached 54.82 on April 15, 2025. EWY gained -6.33 points, or -13.05%, in 7 days. The price is now at the 8.06% retracement level.
 Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
48.49 |
| Low Date |
04/08/2025 |
| High |
54.82 |
| High Date |
04/15/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
57.93 |
| High Date |
03/17/2025 |
| Low |
48.49 |
| Low Date |
04/08/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
57.10 |
| Support |
46.74 |
| High |
58.54 |
| High Date |
02/20/2025 |
| Low |
48.49 |
| Low Date |
04/08/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
56.06 |
| Support |
55.76 |
| High |
69.52 |
| High Date |
07/11/2024 |
| Low |
48.49 |
| Low Date |
04/08/2025 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
96.29 |
| High Date |
01/08/2021 |
| Low |
47.19 |
| Low Date |
10/13/2022 |
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