The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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iShares MSCI Germany Index
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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversold
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice is close to the 50 Day Moving Average
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It was a third positive week after 3 consecutive negative weeks for the iShares MSCI Germany Index (EWG). During the week, the EWG gained 0.37 points, or 1.44%, and closed at 26.12 on Friday, January 11, 2019. EWG was trading at average weekly trading volume.

Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 22.51 and reached 35.87 on January 24, 2018. EWG gained -13.36 points, or -59.35%, in 82 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (36.74) 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 EWG medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 35.87 and reached 24.40 on December 26, 2018. EWG lost 11.47 points, or 31.98%, in 48 weeks. The price is now at the 15.00% retracement level.

Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

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 EWG short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 24.40 and reached 26.43 on January 9, 2019. EWG gained -2.03 points, or -8.32%, in 14 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 25.24 and resistance is at 26.76. 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 short-term trend.

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

The daily MACD line is above its signal line since December 28, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 60.95
Williams' Percentage Range (W%R) 16.30
Overbought
Lane's Stochastic (%D-Slow) 92.27
Strong Overbought
Greed/Fear Indicator (GFI) 78.99
Moving Average Converg./Diverg. (MACD) -0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.74
Williams' Percentage Range (W%R) 74.40
Lane's Stochastic (%D-Slow) 19.79
Oversold
Greed/Fear Indicator (GFI) 30.03
Moving Average Converg./Diverg. (MACD) -1.28
Trading Signals
Description Value Chart
Upper Bollinger Band 26.79
Weekly Trendline Resistance 26.76
50 Day Moving Average 26.35
Daily Stochastic Crossing 26.30
Price 26.12
20 Day Moving Average 25.47
Parabolic System 25.47
Weekly Trendline Support 25.24
Weekly Stochastic Crossing 25.08
Lower Bollinger Band 24.77
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26.43
High Date 01/09/2019
Low 26.02
Low Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 26.76
Support 25.24
Low 24.40
Low Date 12/26/2018
High 26.43
High Date 01/09/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.52
High Date 02/16/2018
Low 24.40
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.87
High Date 01/24/2018
Low 24.40
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 39.81
Support 36.74
Low 22.51
Low Date 06/27/2016
High 35.87
High Date 01/24/2018
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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