The Greedy Trader Weekly Analysis
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Archive
- 12/8/2017
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iShares MSCI Australia Index
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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageLane's Stochastic is oversoldThe Bollinger Bands are historically close together
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It was the negative week for the iShares MSCI Australia Index (EWA). During the week, the EWA gave back -0.19 points, or -0.83%, and closed at 22.66 on Friday, December 08, 2017. Weekly volume was -11% below average.

Long-term trend: [See EWA long-term trend chart]
A long-term uptrend had started on January 15, 2016 at 16.08 and reached 23.20 on September 12, 2017. EWA gained -7.12 points, or -44.28%, in 86 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 21.78 and resistance is at 24.73. 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 EWA medium-term trend chart]
A medium-term downtrend had started on November 9, 2017 at 23.20 and reached 22.52 on December 7, 2017. EWA lost 0.68 points, or 2.93%, in 4 weeks. The price is now at the 20.59% retracement level.

Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 10, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EWA short-term trend chart]
A short-term downtrend had started on November 28, 2017 at 23.05 and reached 22.52 on December 7, 2017. EWA lost 0.53 points, or 2.30%, in 9 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold 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 daily MACD line is below its signal line since November 28, 2017. 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.

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 distance between the Bollinger Bands (2.65%) is close to one year low (2.49%). 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.30
Williams' Percentage Range (W%R) 75.00
Lane's Stochastic (%D-Slow) 8.36
Strong Oversold
Greed/Fear Indicator (GFI) 28.22
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.84
Williams' Percentage Range (W%R) 46.80
Lane's Stochastic (%D-Slow) 66.50
Greed/Fear Indicator (GFI) 55.73
Moving Average Converg./Diverg. (MACD) 0.26
Trading Signals
Description Value Chart
Yearly Trendline Resistance 24.73
Upper Bollinger Band 23.07
Parabolic System 23.06
Weekly Stochastic Crossing 22.95
20 Day Moving Average 22.79
50 Day Moving Average 22.77
Price 22.66
Daily Stochastic Crossing 22.56
Lower Bollinger Band 22.47
Yearly Trendline Support 21.78
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 23.05
High Date 11/28/2017
Low 22.52
Low Date 12/07/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.20
High Date 11/09/2017
Low 22.52
Low Date 12/07/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.11
Low Date 10/06/2017
High 23.20
High Date 11/09/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.07
Low Date 06/21/2017
High 23.20
High Date 09/12/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 24.73
Support 21.78
Low 16.08
Low Date 01/15/2016
High 23.20
High Date 09/12/2017
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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