The Greedy Trader Weekly Analysis
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Archive
- 5/11/2018
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iShares MSCI Emerg Mkts Index
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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week after 3 consecutive negative weeks for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gained 0.95 points, or 2.05%, and closed at 47.38 on Friday, May 11, 2018. It was the best weekly gain since March 29, 2018. Weekly volume was 22% 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 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 trend support level is at 43.29 and resistance is at 55.05. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 45.03 on February 9, 2018. EEM lost 7.05 points, or 13.54%, in 2 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 44.38 and resistance is at 48.29. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly technical indicators are neutral.

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 May 3, 2018 at 45.60 and reached 47.73 on May 11, 2018. EEM gained -2.13 points, or -4.67%, in 8 days. The price is now at the 16.43% retracement level.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above 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.

Price is close to the 50 Day Moving Average. 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) 55.58
Williams' Percentage Range (W%R) 23.20
Lane's Stochastic (%D-Slow) 59.29
Greed/Fear Indicator (GFI) 63.87
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.15
Williams' Percentage Range (W%R) 62.40
Lane's Stochastic (%D-Slow) 29.29
Greed/Fear Indicator (GFI) 38.12
Moving Average Converg./Diverg. (MACD) 0.81
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 55.05
Monthly Trendline Resistance 48.29
Upper Bollinger Band 48.19
50 Day Moving Average 47.79
Price 47.38
Daily Stochastic Crossing 47.02
20 Day Moving Average 46.96
Weekly Stochastic Crossing 46.55
Lower Bollinger Band 45.85
Parabolic System 45.64
Monthly Trendline Support 44.38
Quarterly Trendline Support 43.29
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.60
Low Date 05/03/2018
High 47.73
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.18
High Date 02/26/2018
Low 45.60
Low Date 05/03/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 48.29
Support 44.38
High 52.08
High Date 01/26/2018
Low 45.03
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 55.05
Support 43.29
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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