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Archive
- 9/4/2026 -
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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 2.31 points, or 6.50%, and closed at 37.86 on Friday, September 4, 2026. It was the best weekly gain since April 10, 2026. EWZ was trading at average weekly trading volume.
 Long-term trend: [See EWZ long-term trend chart]
A long-term uptrend had started on December 18, 2024 at 22.26 and reached 42.02 on April 14, 2026. EWZ gained -19.76 points, or -88.77%, in 68 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 34.46 and resistance is at 48.39. 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 April 14, 2026 at 42.02 and reached 33.44 on August 14, 2026. EWZ lost 8.58 points, or 20.42%, in 17 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (33.41) 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. EWZ 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 EWZ weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since May 8, 2026. 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 August 14, 2026 at 33.44 and reached 38.87 on September 3, 2026. EWZ gained -5.43 points, or -16.24%, in 20 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (37.77). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index 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 and Relative Strength Index help.
The daily MACD line is above its signal line since August 21, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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