The Greedy Trader Weekly Analysis
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Archive
- 8/11/2017
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iShares MSCI Italy Index
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineRelative Strength Index bearish divergence
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the first negative week after 6 consecutive positive weeks for the iShares MSCI Italy Index (EWI). During the week, the EWI dropped -0.75 points, or -2.48%, and closed at 29.54 on Friday, August 11, 2017. Weekly volume was 51% above average.

Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 9.81 and reached 30.38 on August 7, 2017. EWI gained -20.57 points, or -209.68%, in 58 weeks. Price is near the trend high.

Medium-term trend: [See EWI medium-term trend chart]
A medium-term uptrend had started on February 24, 2017 at 23.13 and reached 30.38 on August 7, 2017. EWI gained -7.25 points, or -31.34%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (30.16) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See EWI 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. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 17, 2017. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See EWI short-term trend chart]
A short-term downtrend had started on August 7, 2017 at 30.38 and reached 29.45 on August 11, 2017. EWI lost 0.93 points, or 3.06%, in 4 days. The price is now at the 9.68% retracement level.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

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 distance between the Bollinger Bands is falling, and it was 5.96% on Friday. It is 54.25% 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) 57.29
Williams' Percentage Range (W%R) 53.90
Lane's Stochastic (%D-Slow) 53.86
Greed/Fear Indicator (GFI) 52.40
Moving Average Converg./Diverg. (MACD) 0.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.67
Bearish
Williams' Percentage Range (W%R) 13.80
Overbought
Lane's Stochastic (%D-Slow) 93.21
Strong Overbought
Greed/Fear Indicator (GFI) 78.95
Moving Average Converg./Diverg. (MACD) 2.04
Trading Signals
Description Value Chart
Monthly Trendline Resistance 31.64
Upper Bollinger Band 30.44
Parabolic System 30.33
Weekly Stochastic Crossing 30.20
Monthly Trendline Support 30.16
Daily Stochastic Crossing 29.85
20 Day Moving Average 29.64
Price 29.54
50 Day Moving Average 28.71
Lower Bollinger Band 28.69
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 30.38
High Date 08/07/2017
Low 29.45
Low Date 08/11/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.27
Low Date 06/20/2017
High 30.38
High Date 08/07/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 31.64
Support 30.16
Low 23.13
Low Date 02/24/2017
High 30.38
High Date 08/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.81
Low Date 06/27/2016
High 30.38
High Date 08/07/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.21
Low Date 07/24/2012
High 30.38
High Date 08/07/2017
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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