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Downtrend Broken Resist.Archive
- 7/31/2026 -
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iShares MSCI South Korea Index (EWY) Technical Analysis
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| Summary:
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| | It was the negative week for the iShares MSCI South Korea Index (EWY). During the week, the EWY dropped -5.86 points, or -3.60%, and closed at 157.10 on Friday, July 31, 2026. Weekly volume was 175% 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 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 (54.32) 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 chart has formed a Falling Channel chart pattern. The downtrend resistance line (134.23) 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 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 166.04 on July 31, 2026. EWY gained -23.40 points, or -16.40%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since June 22, 2026. The distance between MACD and the signal line is low, but getting bigger.
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.
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