The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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iShares MSCI EAFE Index
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Summary:
Weekly :Stochastic signal line moved above oversold areaPrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice is close to the 50 Day Moving Average
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It was a third positive week after 3 consecutive negative weeks for the iShares MSCI EAFE Index (EFA). During the week, the EFA gained 1.12 points, or 1.87%, and closed at 61.03 on Friday, January 11, 2019. Weekly volume was 9% above average.

Long-term trend: [See EFA long-term trend chart]
A long-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. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See EFA medium-term trend chart]
A medium-term downtrend had started on May 14, 2018 at 72.10 and reached 56.77 on December 26, 2018. EFA lost 15.33 points, or 21.26%, in 32 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 55.82 and resistance is at 61.91. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EFA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 below its signal line since October 5, 2018. This is an indication that the medium-term trend is down. 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 January 2, 2019 at 57.98 and reached 61.46 on January 10, 2019. EFA gained -3.48 points, or -6.00%, in 8 days. The price is now at the 12.36% retracement level.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since December 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 65.37
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 94.17
Strong Overbought
Greed/Fear Indicator (GFI) 82.06
Overbought
Moving Average Converg./Diverg. (MACD) -0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.26
Williams' Percentage Range (W%R) 65.90
Lane's Stochastic (%D-Slow) 22.76
Greed/Fear Indicator (GFI) 34.31
Moving Average Converg./Diverg. (MACD) -1.90
Trading Signals
Description Value Chart
Upper Bollinger Band 62.66
Quarterly Trendline Resistance 61.91
Daily Stochastic Crossing 61.27
50 Day Moving Average 61.26
Price 61.03
20 Day Moving Average 59.40
Parabolic System 59.17
Weekly Stochastic Crossing 58.51
Lower Bollinger Band 57.50
Quarterly Trendline Support 55.82
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.98
Low Date 01/02/2019
High 61.46
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.98
Low Date 01/02/2019
High 61.46
High Date 01/10/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.77
Low Date 12/26/2018
High 61.46
High Date 01/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 61.91
Support 55.82
High 72.10
High Date 05/14/2018
Low 56.77
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.27
High Date 01/26/2018
Low 56.77
Low Date 12/26/2018
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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