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iShares MSCI Germany Index
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|It was the negative week for the iShares MSCI Germany Index (EWG). During the week, the EWG gave back -0.18 points, or -0.65%, and closed at 27.69 on Friday, June 14, 2019. Weekly volume was -46% 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 28.68% 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 28.95 on May 3, 2019. EWG gained -4.55 points, or -18.65%, in 18 weeks. The price is now at the 27.69% retracement level.
Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly technical indicators are neutral.
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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 31, 2019 at 26.78 and reached 28.28 on June 11, 2019. EWG gained -1.50 points, or -5.60%, in 11 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since June 6, 2019. This is an indication that the short-term trend is up.
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.