The Greedy Trader Weekly Analysis
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Archive
- 8/11/2017
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iShares MSCI Emerg Mkts Index
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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergence
Daily :Williams' Percentage Range is oversoldBullish Harami CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
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It was the first negative week after 4 consecutive positive weeks for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM dropped -1.02 points, or -2.32%, and closed at 42.93 on Friday, August 11, 2017. Weekly volume was -20% below 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 44.58 on August 8, 2017. EEM gained -16.97 points, or -61.46%, in 80 weeks. The price is now at the 9.72% 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 44.58 on August 8, 2017. EEM gained -10.64 points, or -31.35%, in 32 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 41.78 and resistance is at 44.88. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 above its signal line since January 27, 2017. This is an indication that the medium-term trend is up. 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 June 15, 2017 at 40.90 and reached 44.58 on August 8, 2017. EEM gained -3.68 points, or -9.00%, in 54 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 40.98 and resistance is at 44.84. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since August 2, 2017. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has declined below 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.

Candlestick pattern: [See EEM candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.83
Williams' Percentage Range (W%R) 91.90
Strong Oversold
Lane's Stochastic (%D-Slow) 42.83
Greed/Fear Indicator (GFI) 29.24
Moving Average Converg./Diverg. (MACD) 0.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.33
Williams' Percentage Range (W%R) 29.10
Lane's Stochastic (%D-Slow) 89.87
Overbought Bearish
Greed/Fear Indicator (GFI) 72.34
Moving Average Converg./Diverg. (MACD) 1.33
Trading Signals
Description Value Chart
Monthly Trendline Resistance 44.88
Weekly Trendline Resistance 44.84
Parabolic System 44.55
Weekly Stochastic Crossing 44.18
Upper Bollinger Band 44.14
20 Day Moving Average 43.70
Daily Stochastic Crossing 43.27
Price 42.93
Lower Bollinger Band 42.67
50 Day Moving Average 42.47
Monthly Trendline Support 41.78
Weekly Trendline Support 40.98
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.58
High Date 08/08/2017
Low 42.72
Low Date 08/11/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 44.84
Support 40.98
Low 40.90
Low Date 06/15/2017
High 44.58
High Date 08/08/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 44.88
Support 41.78
Low 33.94
Low Date 12/22/2016
High 44.58
High Date 08/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.61
Low Date 01/20/2016
High 44.58
High Date 08/08/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.83
High Date 10/31/2007
Low 18.22
Low Date 11/20/2008
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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