The Greedy Trader Weekly Analysis
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Archive
- 5/11/2018
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iShares MSCI Australia Index
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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA climbed 0.12 points, or 0.53%, and closed at 22.85 on Friday, May 11, 2018. Weekly volume was -43% below average.

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 Wedge chart pattern. The uptrend support line (24.17) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See EWA medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 24.18 and reached 21.54 on April 2, 2018. EWA lost 2.64 points, or 10.92%, in 9 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (21.50) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWA may retest the broken resistance line. It is considered to be a support line now. 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 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. This is an indication that the medium-term trend is down. 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 April 30, 2018 at 22.18 and reached 22.91 on May 11, 2018. EWA gained -0.73 points, or -3.29%, in 11 days. The price is now at the 8.22% retracement level.

Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought 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 above its signal line since April 9, 2018. 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.

During the last week, the 20 Day Moving Average 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.55
Williams' Percentage Range (W%R) 5.60
Strong Overbought
Lane's Stochastic (%D-Slow) 80.80
Overbought
Greed/Fear Indicator (GFI) 81.91
Overbought
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.08
Williams' Percentage Range (W%R) 50.00
Lane's Stochastic (%D-Slow) 47.09
Greed/Fear Indicator (GFI) 48.79
Moving Average Converg./Diverg. (MACD) -0.03
Trading Signals
Description Value Chart
Yearly Trendline Resistance 24.63
Yearly Trendline Support 24.17
Upper Bollinger Band 22.96
Price 22.85
Daily Stochastic Crossing 22.81
20 Day Moving Average 22.46
50 Day Moving Average 22.45
Parabolic System 22.36
Weekly Stochastic Crossing 22.21
Lower Bollinger Band 22.05
Quarterly Trendline Resistance 21.66
Quarterly Trendline Support 21.50
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22.18
Low Date 04/30/2018
High 22.91
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.02
Low Date 04/25/2018
High 22.91
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.54
Low Date 04/02/2018
High 22.91
High Date 05/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 21.66
Support 21.50
High 24.18
High Date 01/26/2018
Low 21.54
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 24.63
Support 24.17
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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