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- 1/8/2021 -
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iShares MSCI EAFE Index (EFA)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the iShares MSCI EAFE Index (EFA). During the week, the EFA gained 2.77 points, or 3.80%, and closed at 75.73 on Friday, January 8, 2021. It was the best weekly gain since November 13, 2020. Weekly volume was -22% below 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 45.73 on March 18, 2020. EFA lost 29.54 points, or 39.25%, in 111 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (38.38) 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 long-term trend.

Medium-term trend: [See EFA medium-term trend chart]
A medium-term downtrend had started on January 17, 2020 at 70.42 and reached 45.73 on March 18, 2020. EFA lost 24.69 points, or 35.06%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (65.50) 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 Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 6, 2020. 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 30, 2020 at 60.97 and reached 75.73 on January 8, 2021. EFA gained -14.76 points, or -24.21%, in 70 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (74.12) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 69.76
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 88.32
Overbought
Greed/Fear Indicator (GFI) 85.04
Overbought
Moving Average Converg./Diverg. (MACD) 1.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.70
Williams' Percentage Range (W%R) 1.00
Strong Overbought
Lane's Stochastic (%D-Slow) 95.35
Strong Overbought
Greed/Fear Indicator (GFI) 86.49
Overbought
Moving Average Converg./Diverg. (MACD) 2.04
Trading Signals
Description Value Chart
Price 75.73
Daily Stochastic Crossing 75.50
Upper Bollinger Band 75.38
Weekly Stochastic Crossing 75.35
Weekly Trendline Resistance 74.65
Weekly Trendline Support 74.12
Parabolic System 73.94
20 Day Moving Average 73.03
Lower Bollinger Band 70.83
50 Day Moving Average 70.43
Yearly Trendline Resistance 68.02
Monthly Trendline Resistance 67.35
Quarterly Trendline Support 65.50
Quarterly Trendline Resistance 64.69
Monthly Trendline Support 62.33
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 72.79
Low Date 12/31/2020
High 75.73
High Date 01/08/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 74.65
Support 74.12
Low 60.97
Low Date 10/30/2020
High 75.73
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 67.35
Support 62.33
Low 45.73
Low Date 03/18/2020
High 75.73
High Date 01/08/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 64.69
Support 65.50
High 70.42
High Date 01/17/2020
Low 45.73
Low Date 03/18/2020
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 68.02
Support 38.38
High 75.27
High Date 01/26/2018
Low 45.73
Low Date 03/18/2020
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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