The Greedy Trader Weekly Analysis
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Archive
- 7/13/2018
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iShares MSCI EAFE Index
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Summary:
Weekly :Broken trend support line
Daily :The price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe price is close to the moving average in the center of the Bollinger Bands
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It was a second positive week after 3 consecutive negative weeks for the iShares MSCI EAFE Index (EFA). During the week, the EFA climbed 0.18 points, or 0.27%, and closed at 67.79 on Friday, July 13, 2018. EFA was trading at average weekly trading volume.

Long-term trend: [See EFA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 75.27 and reached 66.00 on July 2, 2018. EFA lost 9.27 points, or 12.32%, in 22 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (72.56) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See EFA medium-term trend chart]
A medium-term downtrend had started on May 14, 2018 at 72.10 and reached 66.00 on July 2, 2018. EFA lost 6.10 points, or 8.46%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 65.16 and resistance is at 69.73. 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.

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 near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 July 2, 2018 at 66.00 and reached 68.27 on July 10, 2018. EFA gained -2.27 points, or -3.44%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 5, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.93
Williams' Percentage Range (W%R) 60.10
Lane's Stochastic (%D-Slow) 78.24
Greed/Fear Indicator (GFI) 56.00
Moving Average Converg./Diverg. (MACD) -0.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.23
Williams' Percentage Range (W%R) 73.60
Lane's Stochastic (%D-Slow) 24.73
Greed/Fear Indicator (GFI) 30.99
Moving Average Converg./Diverg. (MACD) 0.08
Trading Signals
Description Value Chart
Quarterly Trendline Support 72.56
Quarterly Trendline Resistance 71.92
Upper Bollinger Band 69.75
Monthly Trendline Resistance 69.73
50 Day Moving Average 69.45
Parabolic System 68.28
Daily Stochastic Crossing 67.80
Price 67.79
20 Day Moving Average 67.49
Weekly Stochastic Crossing 67.01
Lower Bollinger Band 66.03
Monthly Trendline Support 65.16
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.86
Low Date 07/11/2018
High 67.82
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.00
Low Date 07/02/2018
High 68.27
High Date 07/10/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 69.73
Support 65.16
High 72.10
High Date 05/14/2018
Low 66.00
Low Date 07/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 71.92
Support 72.56
High 75.27
High Date 01/26/2018
Low 66.00
Low Date 07/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.94
Low Date 02/11/2016
High 75.27
High Date 01/26/2018
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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