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Downtrend ResistanceArchive
- 11/21/2025 -
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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 the negative week for the iShares MSCI South Korea Index (EWY). During the week, the EWY dropped -4.91 points, or -5.22%, and closed at 89.22 on Friday, November 21, 2025. Weekly volume was 132% above average.
 Long-term trend: [See EWY long-term trend chart]
A long-term uptrend had started on April 8, 2025 at 48.49 and reached 100.79 on November 3, 2025. EWY gained -52.30 points, or -107.86%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (89.06) 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 November 3, 2025 at 100.79 and reached 86.90 on November 21, 2025. EWY lost 13.89 points, or 13.78%, in 2 weeks. The price is now at the 16.70% retracement level.
 Weekly Technical Indicators: [See EWY weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.
The weekly MACD line is above its signal line since February 7, 2025. Use the following link to access a MACD help.
Short-term trend: [See EWY short-term trend chart]
A short-term downtrend had started on November 13, 2025 at 96.25 and reached 86.90 on November 21, 2025. EWY lost 9.35 points, or 9.71%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since November 5, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
 Candlestick pattern: [See EWY candlestick chart pattern]
On Friday the chart has formed a Bearish Thrusting Candlestick pattern. This pattern occurs in a downtrend and it shows a rally failure in a down market. This is a weak continuation pattern. The reliability of the Bearish Thrusting pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Thrusting Candlestick pattern during the last week.
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