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Downtrend Broken Resist.Archive
- 9/18/2026 -
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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 -0.67 points, or -1.75%, and closed at 37.52 on Friday, September 18, 2026. Weekly volume was -31% 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 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 34.72 and resistance is at 48.97. 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 (33.39) is broken. A broken support is considered to be a long-term bullish signal. 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 above its signal line since September 4, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 39.10 on September 8, 2026. EWZ gained -5.66 points, or -16.93%, in 25 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 37.17 and resistance is at 39.80. 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 short-term trend.
Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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