The Greedy Trader Weekly Analysis
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- 5/11/2018
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iShares MSCI Pacific ex-Japan
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Summary:
Weekly :Broken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving AverageBullish Doji Candlestick
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It was a third consecutive positive week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP gained 0.64 points, or 1.34%, and closed at 48.27 on Friday, May 11, 2018. Weekly volume was -47% 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 50.33 on January 26, 2018. EPP gained -17.56 points, or -53.59%, in 105 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 47.77 and resistance is at 53.18. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See EPP medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 50.33 and reached 44.78 on February 9, 2018. EPP lost 5.55 points, or 11.03%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (46.10) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EPP may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See EPP 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. 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 April 2, 2018 at 45.49 and reached 48.33 on May 11, 2018. EPP gained -2.84 points, or -6.24%, in 39 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (47.30) 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 short-term trend.

Daily Technical Indicators: [See EPP daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily 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 links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since April 9, 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Candlestick pattern: [See EPP candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.08
Overbought
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 71.92
Greed/Fear Indicator (GFI) 82.88
Overbought
Moving Average Converg./Diverg. (MACD) 0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.29
Williams' Percentage Range (W%R) 37.10
Lane's Stochastic (%D-Slow) 55.71
Greed/Fear Indicator (GFI) 56.87
Moving Average Converg./Diverg. (MACD) 0.20
Trading Signals
Description Value Chart
Yearly Trendline Resistance 53.18
Price 48.27
Upper Bollinger Band 48.15
Weekly Trendline Resistance 48.03
Daily Stochastic Crossing 48.00
Yearly Trendline Support 47.77
20 Day Moving Average 47.33
Weekly Trendline Support 47.30
50 Day Moving Average 47.21
Weekly Stochastic Crossing 47.08
Parabolic System 46.91
Lower Bollinger Band 46.63
Quarterly Trendline Support 46.10
Quarterly Trendline Resistance 44.86
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 46.55
Low Date 04/25/2018
High 48.33
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 48.03
Support 47.30
Low 45.49
Low Date 04/02/2018
High 48.33
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.78
Low Date 02/09/2018
High 48.83
High Date 02/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 44.86
Support 46.10
High 50.33
High Date 01/26/2018
Low 44.78
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 53.18
Support 47.77
Low 32.77
Low Date 01/20/2016
High 50.33
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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