The Greedy Trader Weekly Analysis
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- 7/31/2020 -
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iShares MSCI EAFE Index (EFA)

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is strongly overbought
Daily :Broken trend support lineStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the iShares MSCI EAFE Index (EFA). During the week, the EFA dropped -1.21 points, or -1.91%, and closed at 62.05 on Friday, July 31, 2020. Weekly volume was -40% below average.

Long-term trend: [See EFA long-term trend chart]
A long-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 price is now at the 66.10% retracement level.

Medium-term trend: [See EFA medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 45.73 and reached 64.66 on June 8, 2020. EFA gained -18.93 points, or -41.40%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (64.20) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See EFA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. 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 June 15, 2020 at 59.13 and reached 64.46 on July 29, 2020. EFA gained -5.33 points, or -9.01%, in 44 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (63.96) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. 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) 50.74
Williams' Percentage Range (W%R) 45.20
Lane's Stochastic (%D-Slow) 57.84
Greed/Fear Indicator (GFI) 54.47
Moving Average Converg./Diverg. (MACD) 0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.29
Williams' Percentage Range (W%R) 8.70
Strong Overbought
Lane's Stochastic (%D-Slow) 79.42
Greed/Fear Indicator (GFI) 76.27
Moving Average Converg./Diverg. (MACD) -0.86
Trading Signals
Description Value Chart
Monthly Trendline Resistance 65.19
Weekly Trendline Resistance 64.61
Upper Bollinger Band 64.60
Parabolic System 64.41
Monthly Trendline Support 64.20
Weekly Trendline Support 63.96
Weekly Stochastic Crossing 63.71
20 Day Moving Average 63.12
Daily Stochastic Crossing 63.11
Price 62.05
50 Day Moving Average 61.93
Lower Bollinger Band 61.34
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 64.46
High Date 07/29/2020
Low 61.66
Low Date 07/31/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 64.61
Support 63.96
Low 59.13
Low Date 06/15/2020
High 64.46
High Date 07/29/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 65.19
Support 64.20
Low 45.73
Low Date 03/18/2020
High 64.66
High Date 06/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.42
High Date 01/17/2020
Low 45.73
Low Date 03/18/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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