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Downtrend Broken Resist.Archive
- 9/5/2025 -
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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 fifth consecutive positive week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ climbed 0.13 points, or 0.44%, and closed at 29.63 on Friday, September 5, 2025. EWZ was trading at average weekly trading volume.
 Long-term trend: [See EWZ long-term trend chart]
A long-term downtrend had started on December 19, 2023 at 35.74 and reached 22.26 on December 18, 2024. EWZ lost 13.48 points, or 37.72%, in 52 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (14.86) 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 long-term trend.
 Medium-term trend: [See EWZ medium-term trend chart]
A medium-term uptrend had started on December 18, 2024 at 22.26 and reached 29.96 on September 5, 2025. EWZ gained -7.70 points, or -34.59%, in 37 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See EWZ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 February 7, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 July 30, 2025 at 26.30 and reached 29.96 on September 5, 2025. EWZ gained -3.66 points, or -13.92%, in 37 days. The price is now at the 9.02% retracement level.
Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since August 5, 2025. This is an indication that the short-term trend is up.
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