The Greedy Trader Weekly Analysis
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- 11/8/2019 -
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iShares MSCI EAFE Index (EFA)

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 68.62Broken trend resistance line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price
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It was a fifth positive week after 3 consecutive negative weeks for the iShares MSCI EAFE Index (EFA). During the week, the EFA climbed 0.36 points, or 0.53%, and closed at 68.38 on Friday, November 8, 2019. Weekly volume was -55% below average.

Long-term trend: [See EFA long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 50.94 and reached 75.27 on January 26, 2018. EFA gained -24.33 points, or -47.76%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (68.62). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See EFA medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 75.27 and reached 56.77 on December 26, 2018. EFA lost 18.50 points, or 24.58%, in 47 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (62.94) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EFA may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See EFA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 September 20, 2019. Use the following link to access a MACD help.

Short-term trend: [See EFA short-term trend chart]
A short-term uptrend had started on October 3, 2019 at 62.98 and reached 68.64 on November 7, 2019. EFA gained -5.66 points, or -8.99%, in 35 days. Price is near the trend high.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since October 11, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (68.12) comes close to the price (68.38). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.92
Overbought
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 85.97
Overbought
Greed/Fear Indicator (GFI) 84.51
Overbought
Moving Average Converg./Diverg. (MACD) 0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.07
Williams' Percentage Range (W%R) 6.20
Strong Overbought
Lane's Stochastic (%D-Slow) 89.54
Overbought
Greed/Fear Indicator (GFI) 83.58
Overbought
Moving Average Converg./Diverg. (MACD) 0.15
Trading Signals
Description Value Chart
Upper Bollinger Band 68.94
Yearly Trendline Resistance 68.62
Weekly Stochastic Crossing 68.42
Price 68.38
Daily Stochastic Crossing 68.37
Parabolic System 68.12
20 Day Moving Average 67.16
50 Day Moving Average 65.69
Lower Bollinger Band 65.35
Quarterly Trendline Resistance 63.55
Quarterly Trendline Support 62.94
Yearly Trendline Support 60.17
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 62.98
Low Date 10/03/2019
High 68.64
High Date 11/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.26
Low Date 08/15/2019
High 68.64
High Date 11/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.77
Low Date 12/26/2018
High 68.64
High Date 11/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 63.55
Support 62.94
High 75.27
High Date 01/26/2018
Low 56.77
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 68.62
Support 60.17
Low 50.94
Low Date 02/11/2016
High 75.27
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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