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Archive
- 1/9/2026 -
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iShares MSCI Brazil Index (EWZ) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a third consecutive positive week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ gained 0.86 points, or 2.67%, and closed at 33.06 on Friday, January 9, 2026. It was the best weekly gain since November 28, 2025. Weekly volume was -10% below 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 34.80 on December 4, 2025. EWZ gained -12.54 points, or -56.33%, in 50 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 29.32 and resistance is at 36.02. 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 downtrend had started on December 4, 2025 at 34.80 and reached 30.72 on December 17, 2025. EWZ lost 4.08 points, or 11.72%, in 1 weeks. The price is now at the 57.35% retracement level.
 Weekly Technical Indicators: [See EWZ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 26, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 December 17, 2025 at 30.72 and reached 33.39 on January 6, 2026. EWZ gained -2.67 points, or -8.69%, in 20 days. The price is now at the 12.36% retracement level.
 Daily Technical Indicators: [See EWZ 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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