The Greedy Trader Weekly Analysis
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Archive
- 6/14/2019
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iShares MSCI Australia Index
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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 23.6% retracement level
Daily :A Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Australia Index (EWA). During the week, the EWA gave back -0.14 points, or -0.63%, and closed at 22.21 on Friday, June 14, 2019. Weekly volume was -24% below average.

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 downtrend resistance line (16.34) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken 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 23.6% 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.

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. 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 June 3, 2019 at 21.65 and reached 22.65 on June 11, 2019. EWA gained -1.00 points, or -4.62%, in 8 days. The price is now at the 44.00% retracement level.

Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 20, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (22.04) comes close to the price (22.21). 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) 54.89
Williams' Percentage Range (W%R) 33.30
Lane's Stochastic (%D-Slow) 73.02
Greed/Fear Indicator (GFI) 64.86
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.08
Williams' Percentage Range (W%R) 37.60
Lane's Stochastic (%D-Slow) 71.84
Greed/Fear Indicator (GFI) 62.99
Moving Average Converg./Diverg. (MACD) 0.13
Trading Signals
Description Value Chart
Upper Bollinger Band 22.60
Daily Stochastic Crossing 22.42
Weekly Stochastic Crossing 22.36
Price 22.21
Parabolic System 22.04
20 Day Moving Average 22.03
50 Day Moving Average 21.83
Lower Bollinger Band 21.51
Quarterly Trendline Resistance 21.08
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 21.65
Low Date 06/03/2019
High 22.65
High Date 06/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.10
Low Date 03/27/2019
High 22.65
High Date 06/11/2019
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 Broken Resistance
Resistance 21.08
Support 16.34
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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