The Greedy Trader Weekly Analysis
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Archive
- 7/13/2018
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iShares MSCI Emerg Mkts Index
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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversoldTrend support at 44.45
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price is close to the moving average in the center of the Bollinger Bands
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It was a second positive week after 3 consecutive negative weeks for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gained 0.45 points, or 1.04%, and closed at 43.86 on Friday, July 13, 2018. It was the best weekly gain since May 11, 2018. 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 52.08 on January 26, 2018. EEM gained -24.47 points, or -88.63%, in 105 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (44.45) 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 long-term trend.

Medium-term trend: [See EEM medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 52.08 and reached 42.15 on June 28, 2018. EEM lost 9.93 points, or 19.07%, in 21 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend support line (46.09) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since February 9, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 28, 2018 at 42.15 and reached 44.20 on July 9, 2018. EEM gained -2.05 points, or -4.86%, in 11 days. The chart has formed a Rising Channel chart pattern.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.59
Williams' Percentage Range (W%R) 48.40
Lane's Stochastic (%D-Slow) 80.74
Overbought
Greed/Fear Indicator (GFI) 60.64
Moving Average Converg./Diverg. (MACD) -0.67
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.76
Williams' Percentage Range (W%R) 79.80
Lane's Stochastic (%D-Slow) 18.50
Oversold
Greed/Fear Indicator (GFI) 26.55
Moving Average Converg./Diverg. (MACD) -0.20
Trading Signals
Description Value Chart
Monthly Trendline Support 46.09
Monthly Trendline Resistance 45.70
Upper Bollinger Band 45.32
50 Day Moving Average 45.28
Quarterly Trendline Support 44.45
Price 43.86
Daily Stochastic Crossing 43.83
20 Day Moving Average 43.57
Parabolic System 42.98
Weekly Stochastic Crossing 42.93
Lower Bollinger Band 42.56
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 42.15
Low Date 06/28/2018
High 44.20
High Date 07/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.15
High Date 06/06/2018
Low 42.15
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Support
Resistance 45.70
Support 46.09
High 52.08
High Date 01/26/2018
Low 42.15
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 56.80
Support 44.45
Low 27.61
Low Date 01/20/2016
High 52.08
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.22
Low Date 11/20/2008
High 52.08
High Date 01/26/2018
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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