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Downtrend ResistanceArchive
- 7/24/2026 -
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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 first positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY climbed 0.42 points, or 0.26%, and closed at 162.96 on Friday, July 24, 2026. Weekly volume was 39% 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 (54.29) 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 154.20 on July 17, 2026. EWY lost 66.69 points, or 30.19%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 141.37 and resistance is at 172.35. 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 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 17, 2026 at 154.20 and reached 175.08 on July 23, 2026. EWY gained -20.88 points, or -13.54%, in 6 days. The price is now at the 58.05% retracement level.
Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 daily MACD line is below its signal line since June 22, 2026. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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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