The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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iShares MSCI Australia Index (EWA) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the iShares MSCI Australia Index (EWA). During the week, the EWA dropped -0.54 points, or -2.26%, and closed at 23.36 on Friday, April 19, 2024. Weekly volume was 50% above average.

Long-term trend: [See EWA long-term trend chart]
A long-term downtrend had started on June 8, 2021 at 27.43 and reached 19.19 on October 13, 2022. EWA lost 8.24 points, or 30.04%, in 70 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 21.04 and resistance is at 23.60. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See EWA medium-term trend chart]
A medium-term uptrend had started on January 17, 2024 at 22.70 and reached 25.04 on March 8, 2024. EWA gained -2.34 points, or -10.31%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 23.08 and resistance is at 26.14. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 8, 2024 at 25.04 and reached 23.15 on April 16, 2024. EWA lost 1.89 points, or 7.55%, in 39 days. The price is now at the 11.11% retracement level.

Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 April 9, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.11
Williams' Percentage Range (W%R) 87.70
Oversold
Lane's Stochastic (%D-Slow) 10.03
Oversold
Greed/Fear Indicator (GFI) 17.14
Oversold
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.33
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 61.83
Greed/Fear Indicator (GFI) 50.86
Moving Average Converg./Diverg. (MACD) 0.46
Trading Signals
Description Value Chart
Weekly Trendline Resistance 26.14
Upper Bollinger Band 25.01
Weekly Stochastic Crossing 24.31
20 Day Moving Average 24.20
Parabolic System 24.11
50 Day Moving Average 24.08
Yearly Trendline Resistance 23.60
Price 23.36
Daily Stochastic Crossing 23.30
Weekly Trendline Support 23.08
Lower Bollinger Band 23.01
Yearly Trendline Support 21.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 25.04
High Date 03/08/2024
Low 23.15
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 26.14
Support 23.08
Low 22.70
Low Date 01/17/2024
High 25.04
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.46
Low Date 10/27/2023
High 25.04
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.19
Low Date 10/13/2022
High 25.22
High Date 02/01/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 23.60
Support 21.04
High 27.43
High Date 06/08/2021
Low 19.19
Low Date 10/13/2022
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.