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iShares MSCI EAFE Index
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|It was a first positive week for the iShares MSCI EAFE Index (EFA). During the week, the EFA gained 0.85 points, or 1.20%, and closed at 71.78 on Friday, May 11, 2018. Weekly volume was -32% below average. |
Long-term trend: [See EFA long-term trend chart]
A long-term uptrend had started on February 9, 2018 at 66.89 and reached 72.03 on February 26, 2018. EFA gained -5.14 points, or -7.68%, in 2 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 67.70 and resistance is at 72.93. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend.
Medium-term trend: [See EFA medium-term trend chart]
A medium-term downtrend had started on April 18, 2018 at 71.69 and reached 70.05 on May 3, 2018. EFA lost 1.64 points, or 2.29%, in 2 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (69.91) 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 technical indicators are neutral.
The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 May 3, 2018 at 70.05 and reached 71.91 on May 11, 2018. EFA gained -1.86 points, or -2.66%, in 8 days. The price is now at the 6.99% retracement level.
Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily 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.
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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 2.01% on Friday. It is 52.31% lower than one year average. It indicates the period of low volatility of the stock price. 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.