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Archive
- 4/5/2024 -
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iShares MSCI Pacific ex-Japan (EPP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP climbed 0.02 points, or 0.05%, and closed at 42.83 on Friday, April 5, 2024. EPP was trading at average weekly trading volume.
 Long-term trend: [See EPP long-term trend chart]
A long-term downtrend had started on June 4, 2021 at 53.97 and reached 36.63 on October 13, 2022. EPP lost 17.34 points, or 32.13%, in 70 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (43.10). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See EPP medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 38.05 and reached 43.80 on December 28, 2023. EPP gained -5.75 points, or -15.11%, in 8 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 42.43 and resistance is at 43.73. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See EPP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See EPP short-term trend chart]
A short-term downtrend had started on March 8, 2024 at 43.75 and reached 42.23 on March 19, 2024. EPP lost 1.52 points, or 3.47%, in 11 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See EPP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 15, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
The distance between the Bollinger Bands (2.61%) is close to one year low (3.32%). It is 59.16% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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