EWZ Technical Analysis & ETF Price Forecast

Technical Sentiment

Overall Consensus

Sell

Buy

Technical Analysis Consensus

Sell

Buy

Moving Average Consensus

Sell

Buy

iShares MSCI Brazil ETF (EWZ) Moving Averages Convergence Divergence (MACD) indicator is 0.58, suggesting EWZ is Neutral.

iShares MSCI Brazil ETF (EWZ) 20-Day simple moving average is 38.31, while iShares MSCI Brazil ETF (EWZ) share price is $37.49, making it Sell.

iShares MSCI Brazil ETF (EWZ) 60-Day simple moving average is 35.16, while iShares MSCI Brazil ETF (EWZ) share price is $37.49, making it Buy.

Technical Analysis for EWZ

Technical Sentiment Analysis for iShares MSCI Brazil ETF (EWZ). As of 2026-03-04, iShares MSCI Brazil ETF (EWZ) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 6 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for EWZ stands at 49.15, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.58, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 42.82 and the Commodity Channel Index (CCI) at -78.11 further confirm a -0.54 outlook for the ETF.

Support, Resistance & Moving Averages. From a structural perspective, EWZ is trading above its 60-day moving average of $35.16 and above its 200-day long-term moving average of $31.12. Key price levels to watch include the immediate resistance at $40.31 and strong support at $36.38. A break above $40.31 could signal a bull continuation, while falling below $36.38 may test the next Fibonacci floor at $34.11.

iShares MSCI Brazil ETF (EWZ) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	32.45	34.11	36.38	38.04	40.31	41.97	44.24
Fibonacci	34.11	35.61	36.54	38.04	39.54	40.47	41.97

iShares MSCI Brazil ETF (EWZ) Technical Indicators

2026-03-04

Name	Value
Relative Strength Index (RSI)	49.15
Stochastic Oscillator	42.82
Stochastic RSI	52.25
Commodity Channel Index (CCI)	-78.11
Awesome Oscillator	0.74
Momentum	-0.54
MACD	0.58

iShares MSCI Brazil ETF (EWZ) Relative Strength Index (RSI) is 49.15, creating a Neutral signal.

iShares MSCI Brazil ETF (EWZ) Stochastic Oscillator is 42.82, creating a Neutral signal.

iShares MSCI Brazil ETF (EWZ) Stochastic RSI is 52.25, creating a Neutral signal.

iShares MSCI Brazil ETF (EWZ) Commodity Channel Index (CCI) is -78.11, creating a Neutral signal.

iShares MSCI Brazil ETF (EWZ) Awesome Oscillator is 0.74, creating a Buy signal.

iShares MSCI Brazil ETF (EWZ) Momentum is -0.54, creating a Sell signal.

iShares MSCI Brazil ETF (EWZ) MACD is 0.58, creating a Buy signal.

iShares MSCI Brazil ETF (EWZ) Moving Average

2026-03-04

Period	Simple	Signal
5-Day	38.16	Sell
10-Day	38.66	Sell
20-Day	38.31	Sell
60-Day	35.16	Buy
200-Day	31.12	Buy
250-Day	30.1	Buy

iShares MSCI Brazil ETF (EWZ) 5-Day simple moving average is 38.16, while iShares MSCI Brazil ETF (EWZ) share price is $37.49, making it Sell.

iShares MSCI Brazil ETF (EWZ) 10-Day simple moving average is 38.66, while iShares MSCI Brazil ETF (EWZ) share price is $37.49, making it Sell.

iShares MSCI Brazil ETF (EWZ) 20-Day simple moving average is 38.31, while iShares MSCI Brazil ETF (EWZ) share price is $37.49, making it Sell.

iShares MSCI Brazil ETF (EWZ) 60-Day simple moving average is 35.16, while iShares MSCI Brazil ETF (EWZ) share price is $37.49, making it Buy.

iShares MSCI Brazil ETF (EWZ) 200-Day simple moving average is 31.12, while iShares MSCI Brazil ETF (EWZ) share price is $37.49, making it Buy.

iShares MSCI Brazil ETF (EWZ) 250-Day simple moving average is 30.1, while iShares MSCI Brazil ETF (EWZ) share price is $37.49, making it Buy.