Indices ETFs Technical AnalysisArchive
- 11/8/2019 -
Sign In to see current Signals.
iShares MSCI EAFE Index (EFA)
Move cursor over the icon to see details.
|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.