The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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iShares MSCI Italy Index
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Summary:
Weekly :Weekly  MACD line has moved above its signal lineTrend resistance at 25.28
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the iShares MSCI Italy Index (EWI). During the week, the EWI gained 0.54 points, or 2.17%, and closed at 25.44 on Friday, January 11, 2019. Weekly volume was -56% 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 10.20 and resistance is at 38.65. 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 23.20 on December 26, 2018. EWI lost 11.07 points, or 32.30%, in 35 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (25.28). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 December 26, 2018 at 23.20 and reached 25.74 on January 10, 2019. EWI gained -2.54 points, or -10.95%, in 15 days. The price is now at the 11.81% retracement level.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 daily MACD line is above its signal line since January 2, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.53
Williams' Percentage Range (W%R) 8.70
Strong Overbought
Lane's Stochastic (%D-Slow) 93.45
Strong Overbought
Greed/Fear Indicator (GFI) 81.77
Overbought
Moving Average Converg./Diverg. (MACD) -0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.93
Williams' Percentage Range (W%R) 62.60
Lane's Stochastic (%D-Slow) 32.34
Greed/Fear Indicator (GFI) 39.57
Moving Average Converg./Diverg. (MACD) -1.32
Trading Signals
Description Value Chart
Upper Bollinger Band 26.14
Daily Stochastic Crossing 25.61
Price 25.44
Monthly Trendline Resistance 25.28
50 Day Moving Average 25.01
Parabolic System 24.78
20 Day Moving Average 24.62
Weekly Stochastic Crossing 24.20
Lower Bollinger Band 23.59
Monthly Trendline Support 21.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 23.86
Low Date 01/02/2019
High 25.74
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.20
Low Date 12/26/2018
High 25.74
High Date 01/10/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 25.28
Support 21.24
High 34.27
High Date 04/24/2018
Low 23.20
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.44
High Date 01/26/2018
Low 23.20
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 38.65
Support 10.20
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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