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Downtrend Broken Resist.Archive
- 6/6/2025 -
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iShares FTSE/Xinhua China 25 Index (FXI) Technical Analysis
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| Summary:
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| | It was a first positive week for the iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI gained 1.59 points, or 4.54%, and closed at 36.59 on Friday, June 6, 2025. It was the best weekly gain since March 7, 2025. Weekly volume was -24% below average.
 Long-term trend: [See FXI long-term trend chart]
A long-term downtrend had started on February 17, 2021 at 54.53 and reached 20.86 on January 22, 2024. FXI lost 33.67 points, or 61.75%, in 152 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (20.85) 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 long-term trend.
 Medium-term trend: [See FXI medium-term trend chart]
A medium-term uptrend had started on January 22, 2024 at 20.86 and reached 38.73 on March 18, 2025. FXI gained -17.87 points, or -85.67%, in 60 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 31.11 and resistance is at 51.14. 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 medium-term trend.
 Weekly Technical Indicators: [See FXI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 4, 2025. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See FXI short-term trend chart]
A short-term uptrend had started on April 8, 2025 at 29.21 and reached 36.83 on June 5, 2025. FXI gained -7.62 points, or -26.09%, in 58 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 35.57 and resistance is at 36.86. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
Daily Technical Indicators: [See FXI daily technical indicators chart]
Daily technical indicators are neutral.
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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 5.14% on Friday. It is 60.68% lower than one year average. It indicates the period of low volatility of the stock price. 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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