The Greedy Trader Weekly Analysis
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Archive
- 3/15/2019
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iShares MSCI Germany Index
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SARThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the iShares MSCI Germany Index (EWG). During the week, the EWG gained 0.69 points, or 2.57%, and closed at 27.58 on Friday, March 15, 2019. Weekly volume was -31% below average.

Long-term trend: [See EWG long-term trend chart]
A long-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 27.72% retracement level.

Medium-term trend: [See EWG medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 24.40 and reached 27.67 on March 1, 2019. EWG gained -3.27 points, or -13.40%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 26.89 and resistance is at 27.95. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since January 18, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 March 8, 2019 at 26.70 and reached 27.61 on March 15, 2019. EWG gained -0.91 points, or -3.41%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since March 6, 2019. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 3.63% on Friday. It is 51.16% lower than one year average. It indicates the period of low volatility of the stock price. 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) 59.00
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 63.28
Greed/Fear Indicator (GFI) 69.82
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.04
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 82.36
Overbought
Greed/Fear Indicator (GFI) 75.42
Moving Average Converg./Diverg. (MACD) -0.96
Trading Signals
Description Value Chart
Monthly Trendline Resistance 27.95
Upper Bollinger Band 27.59
Price 27.58
Weekly Stochastic Crossing 27.43
Daily Stochastic Crossing 27.32
20 Day Moving Average 27.16
Monthly Trendline Support 26.89
Parabolic System 26.67
50 Day Moving Average 26.67
Lower Bollinger Band 26.60
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 26.70
Low Date 03/08/2019
High 27.61
High Date 03/15/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.71
Low Date 02/08/2019
High 27.67
High Date 03/01/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 27.95
Support 26.89
Low 24.40
Low Date 12/26/2018
High 27.67
High Date 03/01/2019
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 Uptrend
Status
Resistance
Support
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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