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Archive
- 10/16/2026 -
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iShares MSCI Brazil Index (EWZ) Technical Analysis
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| Summary:
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| | It was the negative week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ dropped -1.71 points, or -3.93%, and closed at 41.83 on Friday, October 16, 2026. It was the worst weekly loss since June 5, 2026. Weekly volume was 52% above average.
 Long-term trend: [See EWZ long-term trend chart]
A long-term uptrend had started on December 18, 2024 at 22.26 and reached 43.90 on October 5, 2026. EWZ gained -21.64 points, or -97.21%, in 93 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 35.28 and resistance is at 50.26. 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 EWZ medium-term trend chart]
A medium-term uptrend had started on August 14, 2026 at 33.44 and reached 43.90 on October 5, 2026. EWZ gained -10.46 points, or -31.28%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 37.03 and resistance is at 46.17. 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 medium-term trend.
 Weekly Technical Indicators: [See EWZ weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 4, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 EWZ short-term trend chart]
A short-term uptrend had started on September 29, 2026 at 35.97 and reached 43.90 on October 5, 2026. EWZ gained -7.93 points, or -22.05%, in 6 days. The price is now at the 26.10% retracement level.
 Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily technical indicators are neutral. 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. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since October 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
The distance between the Bollinger Bands (26.68%) is close to one year high (22.46%). It is 127.96% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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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