The Greedy Trader Weekly Analysis
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Archive
- 6/16/2017
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iShares MSCI Italy Index
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :The price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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It was the second consecutive negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI gave back -0.01 points, or -0.04%, and closed at 28.22 on Friday, June 16, 2017. Weekly volume was -38% below 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 28.76 on May 23, 2017. EWI gained -18.95 points, or -193.17%, in 47 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 28.76 on May 23, 2017. EWI gained -5.63 points, or -24.34%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 26.01 and resistance is at 29.97. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EWI 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 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 May 23, 2017 at 28.76 and reached 27.69 on May 30, 2017. EWI lost 1.07 points, or 3.72%, in 7 days. The price is now at the 49.53% retracement level.

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

The daily MACD line is below its signal line since May 25, 2017. This is an indication that the short-term trend is down.

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 distance between the Bollinger Bands (3.69%) is close to one year low (3.45%). It is 74.90% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 48.00
Williams' Percentage Range (W%R) 69.20
Lane's Stochastic (%D-Slow) 54.91
Greed/Fear Indicator (GFI) 44.58
Moving Average Converg./Diverg. (MACD) 0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.23
Williams' Percentage Range (W%R) 13.10
Overbought
Lane's Stochastic (%D-Slow) 89.31
Overbought
Greed/Fear Indicator (GFI) 78.90
Moving Average Converg./Diverg. (MACD) 2.40
Trading Signals
Description Value Chart
Monthly Trendline Resistance 29.97
Upper Bollinger Band 28.56
Weekly Stochastic Crossing 28.31
20 Day Moving Average 28.25
Price 28.22
Daily Stochastic Crossing 28.22
Parabolic System 27.70
Lower Bollinger Band 27.54
50 Day Moving Average 27.20
Monthly Trendline Support 26.01
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.69
Low Date 05/30/2017
High 28.55
High Date 06/14/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.76
High Date 05/23/2017
Low 27.69
Low Date 05/30/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 29.97
Support 26.01
Low 23.13
Low Date 02/24/2017
High 28.76
High Date 05/23/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.81
Low Date 06/27/2016
High 28.76
High Date 05/23/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.21
Low Date 07/24/2012
High 28.76
High Date 05/23/2017
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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