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Downtrend ResistanceArchive - 9/13/2024 - Sign In to see current Signals. |
iShares MSCI Australia Index (EWA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA gained 0.84 points, or 3.34%, and closed at 25.96 on Friday, September 13, 2024. Weekly volume was -42% below average. Long-term trend: [See EWA long-term trend chart] A long-term downtrend had started on June 8, 2021 at 27.43 and reached 19.19 on October 13, 2022. EWA lost 8.24 points, or 30.04%, in 70 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (21.53) 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. EWA 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 EWA medium-term trend chart] A medium-term uptrend had started on April 16, 2024 at 23.15 and reached 26.15 on August 29, 2024. EWA gained -3.00 points, or -12.96%, in 19 weeks. The price is now at the 6.33% retracement level. Weekly Technical Indicators: [See EWA 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 August 23, 2024. 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 EWA short-term trend chart] A short-term uptrend had started on August 5, 2024 at 22.95 and reached 26.15 on August 29, 2024. EWA gained -3.20 points, or -13.94%, in 24 days. The price is now at the 5.94% retracement level. Daily Technical Indicators: [See EWA 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. The distance between MACD and the signal line is low and getting smaller. 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. During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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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