The Greedy Trader Weekly Analysis
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Archive
- 5/11/2018
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iShares MSCI Italy Index
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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal line
Daily :The price has fallen below the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI dropped -0.45 points, or -1.32%, and closed at 33.54 on Friday, May 11, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was -8% 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 34.44 on January 26, 2018. EWI gained -24.63 points, or -251.07%, in 82 weeks. Price is near the trend high.

Medium-term trend: [See EWI medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 30.74 and reached 34.27 on April 24, 2018. EWI gained -3.53 points, or -11.48%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 31.20 and resistance is at 34.64. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with 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. 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since April 20, 2018. 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 EWI short-term trend chart]
A short-term downtrend had started on April 24, 2018 at 34.27 and reached 33.11 on May 10, 2018. EWI lost 1.16 points, or 3.38%, in 16 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance 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 April 27, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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 (2.86%) is close to one year low (2.60%). It is 52.33% 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) 37.07
Williams' Percentage Range (W%R) 64.70
Lane's Stochastic (%D-Slow) 45.22
Greed/Fear Indicator (GFI) 39.21
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.82
Williams' Percentage Range (W%R) 22.70
Lane's Stochastic (%D-Slow) 87.67
Overbought
Greed/Fear Indicator (GFI) 72.83
Moving Average Converg./Diverg. (MACD) 0.82
Trading Signals
Description Value Chart
Monthly Trendline Resistance 34.64
Parabolic System 34.09
Upper Bollinger Band 34.03
Weekly Stochastic Crossing 33.88
20 Day Moving Average 33.79
Price 33.54
Daily Stochastic Crossing 33.48
Lower Bollinger Band 33.06
50 Day Moving Average 32.92
Monthly Trendline Support 31.20
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 34.16
High Date 05/07/2018
Low 33.11
Low Date 05/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.27
High Date 04/24/2018
Low 33.11
Low Date 05/10/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 34.64
Support 31.20
Low 30.74
Low Date 02/09/2018
High 34.27
High Date 04/24/2018
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 Uptrend
Status
Resistance
Support
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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