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iShares MSCI Emerg Mkts Index
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|It was the second consecutive negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gave back -0.39 points, or -0.94%, and closed at 41.22 on Friday, June 16, 2017. It was the worst weekly loss since March 31, 2017. EEM was trading at average weekly trading volume. |
Long-term trend: [See EEM long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 27.61 and reached 42.03 on June 9, 2017. EEM gained -14.42 points, or -52.23%, in 72 weeks. The price is now at the 5.62% retracement level.
Medium-term trend: [See EEM medium-term trend chart]
A medium-term uptrend had started on December 22, 2016 at 33.94 and reached 42.03 on June 9, 2017. EEM gained -8.09 points, or -23.84%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (41.30) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 27, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See EEM short-term trend chart]
A short-term uptrend had started on April 19, 2017 at 38.71 and reached 42.03 on June 9, 2017. EEM gained -3.32 points, or -8.58%, in 51 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 40.88 and resistance is at 42.13. 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 EEM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 30, 2017.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (2.23%) is close to one year low (2.35%). It is 65.91% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.