The Greedy Trader Weekly Analysis
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Archive
- 8/11/2017
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iShares MSCI Germany Index
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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the first negative week for the iShares MSCI Germany Index (EWG). During the week, the EWG dropped -0.66 points, or -2.12%, and closed at 30.40 on Friday, August 11, 2017. It was the worst weekly loss since June 23, 2017. Weekly volume was -25% 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 (20.10) 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 June 27, 2016 at 22.51 and reached 31.75 on June 2, 2017. EWG gained -9.24 points, or -41.05%, in 48 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 28.88 and resistance is at 31.94. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since June 30, 2017. 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 June 30, 2017 at 30.08 and reached 31.16 on August 1, 2017. EWG gained -1.08 points, or -3.59%, in 32 days. The chart has formed a Rising Wedge chart pattern.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 45.78
Williams' Percentage Range (W%R) 75.50
Lane's Stochastic (%D-Slow) 40.83
Greed/Fear Indicator (GFI) 37.03
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.68
Williams' Percentage Range (W%R) 36.20
Lane's Stochastic (%D-Slow) 41.50
Greed/Fear Indicator (GFI) 51.45
Moving Average Converg./Diverg. (MACD) 0.98
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 31.94
Upper Bollinger Band 31.16
Parabolic System 31.11
50 Day Moving Average 30.82
20 Day Moving Average 30.77
Weekly Stochastic Crossing 30.68
Daily Stochastic Crossing 30.48
Price 30.40
Lower Bollinger Band 30.29
Quarterly Trendline Support 28.88
Yearly Trendline Resistance 26.99
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 30.08
Low Date 06/30/2017
High 31.16
High Date 08/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.75
High Date 06/02/2017
Low 30.08
Low Date 06/30/2017
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 Rising Channel
Status Valid
Resistance 31.94
Support 28.88
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 26.99
Support 20.10
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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