The Greedy Trader Weekly Analysis
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Archive
- 10/6/2017
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iShares MSCI Australia Index
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Summary:
Weekly :Weekly  MACD line has moved below its signal line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergenceA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was the third negative week after 5 consecutive positive weeks for the iShares MSCI Australia Index (EWA). During the week, the EWA gave back -0.22 points, or -0.98%, and closed at 22.22 on Friday, October 06, 2017. Weekly volume was 6% above average.

Long-term trend: [See EWA long-term trend chart]
A long-term downtrend had started on April 28, 2011 at 28.36 and reached 16.08 on January 15, 2016. EWA lost 12.28 points, or 43.30%, in 246 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 14.94 and resistance is at 27.68. 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 long-term trend.

Medium-term trend: [See EWA medium-term trend chart]
A medium-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 21.79 and resistance is at 24.45. 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 medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 September 12, 2017 at 23.20 and reached 22.11 on October 6, 2017. EWA lost 1.09 points, or 4.70%, in 24 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 21.98 and resistance is at 22.28. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See EWA 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. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since September 18, 2017. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (22.41) comes close to the price (22.22). 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) 31.29
Williams' Percentage Range (W%R) 95.40
Strong Oversold
Lane's Stochastic (%D-Slow) 25.08
Bullish
Greed/Fear Indicator (GFI) 20.32
Moving Average Converg./Diverg. (MACD) -0.05 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.77
Williams' Percentage Range (W%R) 48.80
Lane's Stochastic (%D-Slow) 57.41
Greed/Fear Indicator (GFI) 53.53
Moving Average Converg./Diverg. (MACD) 0.28
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 24.45
Monthly Trendline Resistance 23.34
Monthly Trendline Support 23.32
Upper Bollinger Band 23.11
20 Day Moving Average 22.65
Weekly Stochastic Crossing 22.65
50 Day Moving Average 22.62
Parabolic System 22.41
Weekly Trendline Resistance 22.28
Price 22.22
Daily Stochastic Crossing 22.22
Weekly Trendline Support 21.98
Lower Bollinger Band 21.95
Quarterly Trendline Support 21.79
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 22.59
High Date 10/02/2017
Low 22.11
Low Date 10/06/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 22.28
Support 21.98
High 23.20
High Date 09/12/2017
Low 22.11
Low Date 10/06/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 23.34
Support 23.32
Low 21.07
Low Date 06/21/2017
High 23.20
High Date 09/12/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 24.45
Support 21.79
Low 16.08
Low Date 01/15/2016
High 23.20
High Date 09/12/2017
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 27.68
Support 14.94
High 28.36
High Date 04/28/2011
Low 16.08
Low Date 01/15/2016
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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