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Downtrend ResistanceArchive
- 7/3/2025 -
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iShares MSCI South Korea Index (EWY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a eighth consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY gained 1.96 points, or 2.77%, and closed at 72.70 on Thursday, July 3, 2025. Weekly volume was 17% above average.
 Long-term trend: [See EWY long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 47.19 and reached 72.80 on July 3, 2025. EWY gained -25.61 points, or -54.27%, in 142 weeks. Price is near the trend high.
 Medium-term trend: [See EWY medium-term trend chart]
A medium-term uptrend had started on April 8, 2025 at 48.49 and reached 72.80 on July 3, 2025. EWY gained -24.31 points, or -50.13%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 71.41 and resistance is at 75.95. 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 EWY weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range 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, Relative Strength Index and 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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See EWY short-term trend chart]
A short-term uptrend had started on June 27, 2025 at 70.44 and reached 72.80 on July 3, 2025. EWY gained -2.36 points, or -3.35%, in 6 days. Price is near the trend high.
 Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since April 14, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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