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Downtrend ResistanceArchive
- 12/5/2025 -
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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 second consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY gained 3.43 points, or 3.77%, and closed at 94.30 on Friday, December 5, 2025. It was the best weekly gain since October 31, 2025. Weekly volume was 17% 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 trend support level is at 91.36 and resistance is at 110.03. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (93.10) 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 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 and getting smaller. 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 November 21, 2025 at 86.90 and reached 94.81 on December 5, 2025. EWY gained -7.91 points, or -9.10%, in 14 days. The price is now at the 6.45% retracement level.
 Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is below its signal line since November 5, 2025. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has moved above 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.
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