The Greedy Trader Weekly Analysis
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Archive
- 3/15/2019
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iShares MSCI Australia Index
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Summary:
Weekly :Stochastic signal line moved below overbought areaTrend resistance at 21.64Price is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldThe price touches the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a first positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA climbed 0.19 points, or 0.89%, and closed at 21.45 on Friday, March 15, 2019. EWA was trading at average weekly trading volume.

Long-term trend: [See EWA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 24.18 and reached 18.35 on December 26, 2018. EWA lost 5.83 points, or 24.11%, in 47 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (21.64). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See EWA medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 18.35 and reached 23.52 on March 6, 2019. EWA gained -5.17 points, or -28.17%, in 10 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See EWA short-term trend chart]
A short-term uptrend had started on March 12, 2019 at 21.27 and reached 21.45 on March 15, 2019. EWA gained -0.18 points, or -0.85%, in 3 days. Price is near the trend high.

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

The daily MACD line is below its signal line since March 5, 2019. The distance between MACD and the signal line is low, but getting bigger.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands (2.24%) is close to one year low (2.14%). It is 65.66% lower than one year average. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.07
Williams' Percentage Range (W%R) 86.30
Oversold
Lane's Stochastic (%D-Slow) 9.32
Strong Oversold
Greed/Fear Indicator (GFI) 25.04
Moving Average Converg./Diverg. (MACD) 0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.67
Williams' Percentage Range (W%R) 42.50
Lane's Stochastic (%D-Slow) 78.93
Greed/Fear Indicator (GFI) 64.58
Moving Average Converg./Diverg. (MACD) -0.37
Trading Signals
Description Value Chart
Parabolic System 22.85
Weekly Stochastic Crossing 22.70
Quarterly Trendline Resistance 21.64
Upper Bollinger Band 21.47
Price 21.45
Daily Stochastic Crossing 21.39
20 Day Moving Average 21.32
Lower Bollinger Band 21.01
50 Day Moving Average 20.75
Quarterly Trendline Support 17.42
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 21.27
Low Date 03/12/2019
High 21.45
High Date 03/15/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.27
Low Date 03/12/2019
High 21.45
High Date 03/15/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.35
Low Date 12/26/2018
High 23.52
High Date 03/06/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 21.64
Support 17.42
High 24.18
High Date 01/26/2018
Low 18.35
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.08
Low Date 01/15/2016
High 24.18
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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