The Greedy Trader Weekly Analysis
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Archive
- 8/11/2017
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iShares MSCI Australia Index
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Summary:
Weekly :
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the second negative week after 3 consecutive positive weeks for the iShares MSCI Australia Index (EWA). During the week, the EWA dropped -0.31 points, or -1.37%, and closed at 22.24 on Friday, August 11, 2017. It was the worst weekly loss since June 23, 2017. Weekly volume was -22% below 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 15.04 and resistance is at 27.70. 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 22.95 on July 26, 2017. EWA gained -6.87 points, or -42.72%, in 79 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 21.38 and resistance is at 24.04. 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.

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 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 EWA short-term trend chart]
A short-term downtrend had started on July 26, 2017 at 22.95 and reached 22.15 on August 11, 2017. EWA lost 0.80 points, or 3.49%, in 16 days. The price is now at the 11.25% retracement level.

Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold 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 Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since August 3, 2017. This is an indication that the short-term trend is down.

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) 45.29
Williams' Percentage Range (W%R) 96.20
Strong Oversold
Lane's Stochastic (%D-Slow) 16.87
Oversold
Greed/Fear Indicator (GFI) 21.97
Moving Average Converg./Diverg. (MACD) 0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.71
Williams' Percentage Range (W%R) 41.00
Lane's Stochastic (%D-Slow) 76.38
Greed/Fear Indicator (GFI) 63.38
Moving Average Converg./Diverg. (MACD) 0.22
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 24.04
Monthly Trendline Resistance 23.62
Upper Bollinger Band 22.79
Parabolic System 22.69
Weekly Stochastic Crossing 22.62
20 Day Moving Average 22.54
Price 22.24
Daily Stochastic Crossing 22.22
Monthly Trendline Support 22.05
50 Day Moving Average 22.01
Lower Bollinger Band 21.98
Quarterly Trendline Support 21.38
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 22.88
High Date 08/01/2017
Low 22.15
Low Date 08/11/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 22.95
High Date 07/26/2017
Low 22.15
Low Date 08/11/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 23.62
Support 22.05
Low 21.07
Low Date 06/21/2017
High 22.95
High Date 07/26/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 24.04
Support 21.38
Low 16.08
Low Date 01/15/2016
High 22.95
High Date 07/26/2017
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 27.70
Support 15.04
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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