The Greedy Trader Weekly Analysis
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Archive
- 12/8/2017
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iShares MSCI Emerg Mkts Index
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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend support line
Daily :Lane's Stochastic is oversoldPrice is close to the 50 Day Moving Average
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It was a first positive week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM climbed 0.10 points, or 0.22%, and closed at 45.94 on Friday, December 08, 2017. Weekly volume was 20% above average.

Long-term trend: [See EEM long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 27.61 and reached 47.93 on November 22, 2017. EEM gained -20.32 points, or -73.60%, in 96 weeks. The price is now at the 9.79% 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 47.93 on November 22, 2017. EEM gained -13.99 points, or -41.22%, in 47 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (46.42) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EEM may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since November 3, 2017. Use the following link to access a MACD help.

Short-term trend: [See EEM short-term trend chart]
A short-term downtrend had started on November 22, 2017 at 47.93 and reached 45.05 on December 7, 2017. EEM lost 2.88 points, or 6.01%, in 15 days. The price is now at the 30.90% retracement level.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since November 29, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.30
Williams' Percentage Range (W%R) 69.80
Lane's Stochastic (%D-Slow) 16.87
Oversold
Greed/Fear Indicator (GFI) 29.46
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.17
Williams' Percentage Range (W%R) 38.60
Lane's Stochastic (%D-Slow) 69.11
Greed/Fear Indicator (GFI) 60.78
Moving Average Converg./Diverg. (MACD) 1.54
Trading Signals
Description Value Chart
Monthly Trendline Resistance 48.94
Upper Bollinger Band 47.78
Weekly Stochastic Crossing 46.89
Parabolic System 46.71
20 Day Moving Average 46.45
Monthly Trendline Support 46.42
50 Day Moving Average 46.23
Price 45.94
Daily Stochastic Crossing 45.43
Lower Bollinger Band 44.74
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.05
Low Date 12/07/2017
High 46.00
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.93
High Date 11/22/2017
Low 45.05
Low Date 12/07/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 48.94
Support 46.42
Low 33.94
Low Date 12/22/2016
High 47.93
High Date 11/22/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.61
Low Date 01/20/2016
High 47.93
High Date 11/22/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.22
Low Date 11/20/2008
High 50.43
High Date 05/02/2011
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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