The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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iShares MSCI Italy Index
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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :
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It was a first positive week for the iShares MSCI Italy Index (EWI). During the week, the EWI climbed 0.04 points, or 0.15%, and closed at 27.14 on Friday, September 07, 2018. Weekly volume was -19% below average.

Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on July 24, 2012 at 9.21 and reached 34.44 on January 26, 2018. EWI gained -25.23 points, or -273.94%, in 287 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 9.90 and resistance is at 36.66. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See EWI medium-term trend chart]
A medium-term downtrend had started on April 24, 2018 at 34.27 and reached 26.58 on August 15, 2018. EWI lost 7.69 points, or 22.44%, in 16 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 25.33 and resistance is at 28.76. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 11, 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 EWI short-term trend chart]
A short-term uptrend had started on August 15, 2018 at 26.58 and reached 28.05 on August 27, 2018. EWI gained -1.47 points, or -5.53%, in 12 days. The chart has formed a Symmetric Triangle chart pattern.

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

The daily MACD line is above its signal line since August 23, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.22
Williams' Percentage Range (W%R) 65.30
Lane's Stochastic (%D-Slow) 36.26
Greed/Fear Indicator (GFI) 41.39
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.07
Williams' Percentage Range (W%R) 93.40
Strong Oversold
Lane's Stochastic (%D-Slow) 21.42
Greed/Fear Indicator (GFI) 22.38
Moving Average Converg./Diverg. (MACD) -0.73
Trading Signals
Description Value Chart
Weekly Trendline Resistance 28.76
50 Day Moving Average 28.50
Upper Bollinger Band 28.46
Parabolic System 27.80
20 Day Moving Average 27.46
Daily Stochastic Crossing 27.43
Weekly Stochastic Crossing 27.31
Price 27.14
Lower Bollinger Band 27.01
Weekly Trendline Support 25.33
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 26.58
Low Date 08/15/2018
High 28.05
High Date 08/27/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 28.76
Support 25.33
High 34.27
High Date 04/24/2018
Low 26.58
Low Date 08/15/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.44
High Date 01/26/2018
Low 26.58
Low Date 08/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.81
Low Date 06/27/2016
High 34.44
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 36.66
Support 9.90
Low 9.21
Low Date 07/24/2012
High 34.44
High Date 01/26/2018
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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