The Greedy Trader Weekly Analysis
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Archive
- 6/16/2017
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iShares MSCI Germany Index
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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe Bollinger Bands are historically close together
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It was the second consecutive negative week for the iShares MSCI Germany Index (EWG). During the week, the EWG gave back -0.04 points, or -0.13%, and closed at 31.23 on Friday, June 16, 2017. Weekly volume was -49% below average.

Long-term trend: [See EWG long-term trend chart]
A long-term downtrend had started on June 19, 2014 at 32.38 and reached 22.51 on June 27, 2016. EWG lost 9.87 points, or 30.48%, in 105 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (20.36) 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 EWG medium-term trend chart]
A medium-term uptrend had started on December 1, 2016 at 24.55 and reached 31.75 on June 2, 2017. EWG gained -7.20 points, or -29.33%, in 26 weeks. The price is now at the 7.22% retracement level.

Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly 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 weekly Williams' Percentage Range or strongly overbought weekly 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 weekly MACD line is above its signal line since December 16, 2016. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See EWG short-term trend chart]
A short-term downtrend had started on June 2, 2017 at 31.75 and reached 30.76 on June 15, 2017. EWG lost 0.99 points, or 3.12%, in 13 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern.

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

The daily MACD line is below its signal line since May 22, 2017. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The distance between the Bollinger Bands (2.95%) is close to one year low (2.70%). It is 52.96% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.86
Williams' Percentage Range (W%R) 67.30
Lane's Stochastic (%D-Slow) 36.26
Greed/Fear Indicator (GFI) 42.26
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.16
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 90.48
Strong Overbought
Greed/Fear Indicator (GFI) 80.09
Overbought
Moving Average Converg./Diverg. (MACD) 1.00
Trading Signals
Description Value Chart
Parabolic System 31.67
Upper Bollinger Band 31.49
Weekly Stochastic Crossing 31.42
Price 31.23
Daily Stochastic Crossing 31.16
20 Day Moving Average 31.15
Lower Bollinger Band 30.57
50 Day Moving Average 30.18
Yearly Trendline Resistance 27.26
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
High 31.75
High Date 06/02/2017
Low 30.76
Low Date 06/15/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.08
Low Date 04/11/2017
High 31.75
High Date 06/02/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.55
Low Date 12/01/2016
High 31.75
High Date 06/02/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.51
Low Date 06/27/2016
High 31.75
High Date 06/02/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 27.26
Support 20.36
High 32.38
High Date 06/19/2014
Low 22.51
Low Date 06/27/2016
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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