The Greedy Trader Weekly Analysis
Sign In May 3, 2024
Skip Navigation Links
TA Search
Share
Monthly Price vs. Fibonacci:Near 23.6% retracement level
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Stock Market Trend Analysis and Technical Indicators Scanner.
technical analysis,screen stochastic,moving average trading system, trading indicator,technical analysis stock screen, macd convergence divergence, technical indicator macd,technical investment analysis,trading indicator,stochastics, bulls, bears, bullish, bearish, market, stock market
Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

Advanced TA Search

Archive
- 4/26/2024 -
Sign In to see current Signals.

WisdomTree Emerging Markets Local Debt Fund (ELD) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was the negative week for the WisdomTree Emerging Markets Local Debt Fund (ELD). During the week, the ELD dropped -0.32 points, or -1.19%, and closed at 26.67 on Friday, April 26, 2024. ELD was trading at average weekly trading volume.

Long-term trend: [See ELD long-term trend chart]
A long-term uptrend had started on October 31, 2023 at 25.01 and reached 28.18 on December 28, 2023. ELD gained -3.17 points, or -12.67%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (29.91) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ELD may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.

Medium-term trend: [See ELD medium-term trend chart]
A medium-term downtrend had started on December 28, 2023 at 28.18 and reached 26.47 on April 16, 2024. ELD lost 1.71 points, or 6.07%, in 15 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 26.38 and resistance is at 28.15. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ELD weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since March 22, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See ELD short-term trend chart]
A short-term downtrend had started on February 1, 2024 at 28.02 and reached 26.47 on April 16, 2024. ELD lost 1.55 points, or 5.53%, in 75 days. The price is now at the 12.90% retracement level.

Daily Technical Indicators: [See ELD daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 10, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (26.85) comes close to the price (26.67). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.20
Williams' Percentage Range (W%R) 96.10
Strong Oversold
Lane's Stochastic (%D-Slow) 33.25
Greed/Fear Indicator (GFI) 23.46
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.17
Williams' Percentage Range (W%R) 97.10
Strong Oversold
Lane's Stochastic (%D-Slow) 29.43
Greed/Fear Indicator (GFI) 25.35
Moving Average Converg./Diverg. (MACD) 0.11
Trading Signals
Description Value Chart
Monthly Trendline Support 29.91
Weekly Trendline Resistance 28.15
Upper Bollinger Band 27.66
Monthly Trendline Resistance 27.61
50 Day Moving Average 27.33
20 Day Moving Average 27.05
Weekly Stochastic Crossing 26.93
Parabolic System 26.85
Daily Stochastic Crossing 26.67
Price 26.67
Weekly Trendline Support 26.38
Lower Bollinger Band 26.35
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.02
High Date 02/01/2024
Low 26.47
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 28.15
Support 26.38
High 28.18
High Date 12/28/2023
Low 26.47
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 27.61
Support 29.91
Low 25.01
Low Date 10/31/2023
High 28.18
High Date 12/28/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.79
Low Date 10/31/2022
High 28.59
High Date 07/27/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.34
High Date 02/10/2022
Low 23.79
Low Date 10/31/2022
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.