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Downtrend ResistanceArchive
- 2/27/2026 -
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iShares MSCI South Korea Index (EWY) Technical Analysis
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| Summary:
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| | It was a tenth consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY gained 9.49 points, or 6.69%, and closed at 151.37 on Friday, February 27, 2026. Weekly volume was 299% 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 154.22 on February 26, 2026. EWY gained -107.03 points, or -226.81%, in 176 weeks. The chart has formed a Rectangle chart pattern. The uptrend resistance line (53.63) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 uptrend had started on April 8, 2025 at 48.49 and reached 154.22 on February 26, 2026. EWY gained -105.73 points, or -218.04%, in 46 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (102.73) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index, 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 Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 26, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend 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 February 5, 2026 at 118.12 and reached 154.22 on February 26, 2026. EWY gained -36.10 points, or -30.56%, in 21 days. The price is now at the 7.89% retracement level.
 Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since February 10, 2026. This is an indication that the short-term trend is up.
The distance between the Bollinger Bands is 108.24% higher then one year average. It indicates the period of high volatility of the stock price. 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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