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iShares MSCI Australia Index
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|It was a first positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA gained 0.57 points, or 2.51%, and closed at 23.31 on Friday, March 09, 2018. EWA was trading at average weekly trading volume. |
Long-term trend: [See EWA long-term trend chart]
A long-term uptrend had started on January 15, 2016 at 16.08 and reached 24.18 on January 26, 2018. EWA gained -8.10 points, or -50.37%, in 106 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 22.37 and resistance is at 25.31. 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 uptrend had started on June 21, 2017 at 21.07 and reached 24.18 on January 26, 2018. EWA gained -3.11 points, or -14.76%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (23.26) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.
Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 2, 2018. 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 2, 2018 at 22.47 and reached 23.32 on March 9, 2018. EWA gained -0.85 points, or -3.78%, in 7 days. Price is near the trend high.
Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
During the last week, the price has moved above 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.
During the last week, the price 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.