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Archive
- 6/6/2025 -
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iShares MSCI South Korea Index (EWY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY gained 4.94 points, or 8.15%, and closed at 65.57 on Friday, June 6, 2025. Weekly volume was 64% above 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 69.52 on July 11, 2024. EWY gained -22.33 points, or -47.32%, in 91 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (65.73) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.
 Medium-term trend: [See EWY medium-term trend chart]
A medium-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 Falling Wedge chart pattern. The downtrend resistance line (47.09) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWY may retest the broken resistance line. It is considered to be a support line now. 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 EWY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since February 7, 2025. The distance between MACD and the signal line is near its high and 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 May 22, 2025 at 58.19 and reached 65.66 on June 5, 2025. EWY gained -7.47 points, or -12.84%, in 14 days. Price is near the trend high.
Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since April 14, 2025. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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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 |
58.19 |
| Low Date |
05/22/2025 |
| High |
65.66 |
| High Date |
06/05/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
58.19 |
| Low Date |
05/22/2025 |
| High |
65.66 |
| High Date |
06/05/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
48.49 |
| Low Date |
04/08/2025 |
| High |
65.66 |
| High Date |
06/05/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Resistance |
| Resistance |
53.23 |
| Support |
47.09 |
| High |
69.52 |
| High Date |
07/11/2024 |
| Low |
48.49 |
| Low Date |
04/08/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Test Support |
| Resistance |
70.99 |
| Support |
65.73 |
| Low |
47.19 |
| Low Date |
10/13/2022 |
| High |
69.52 |
| High Date |
07/11/2024 |
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