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Archive
- 8/11/2017
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iShares MSCI Pacific ex-Japan
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has declined below the moving average in the center of the Bollinger Bands
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It was the first negative week after 4 consecutive positive weeks for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP dropped -0.68 points, or -1.47%, and closed at 45.73 on Friday, August 11, 2017. It was the worst weekly loss since June 23, 2017. Weekly volume was -52% below average.

Long-term trend: [See EPP long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 32.77 and reached 46.81 on August 1, 2017. EPP gained -14.04 points, or -42.84%, in 79 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (44.53) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See EPP medium-term trend chart]
A medium-term uptrend had started on December 23, 2016 at 39.30 and reached 46.81 on August 1, 2017. EPP gained -7.51 points, or -19.11%, in 31 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 44.20 and resistance is at 46.69. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EPP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since July 21, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EPP short-term trend chart]
A short-term uptrend had started on June 21, 2017 at 43.69 and reached 46.81 on August 1, 2017. EPP gained -3.12 points, or -7.14%, in 41 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 44.28 and resistance is at 47.51. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

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

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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.53
Williams' Percentage Range (W%R) 79.20
Lane's Stochastic (%D-Slow) 24.82
Greed/Fear Indicator (GFI) 30.39
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.44
Williams' Percentage Range (W%R) 36.50
Lane's Stochastic (%D-Slow) 80.21
Overbought
Greed/Fear Indicator (GFI) 66.87
Moving Average Converg./Diverg. (MACD) 0.77
Trading Signals
Description Value Chart
Weekly Trendline Resistance 47.51
Upper Bollinger Band 46.69
Monthly Trendline Resistance 46.69
Parabolic System 46.50
Weekly Stochastic Crossing 46.42
20 Day Moving Average 46.19
Daily Stochastic Crossing 45.82
Price 45.73
Lower Bollinger Band 45.25
50 Day Moving Average 45.23
Quarterly Trendline Resistance 45.16
Quarterly Trendline Support 44.53
Weekly Trendline Support 44.28
Monthly Trendline Support 44.20
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.81
High Date 08/01/2017
Low 45.62
Low Date 08/11/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 47.51
Support 44.28
Low 43.69
Low Date 06/21/2017
High 46.81
High Date 08/01/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 46.69
Support 44.20
Low 39.30
Low Date 12/23/2016
High 46.81
High Date 08/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 45.16
Support 44.53
Low 32.77
Low Date 01/20/2016
High 46.81
High Date 08/01/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.94
High Date 09/04/2014
Low 32.77
Low Date 01/20/2016
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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