The Greedy Trader Weekly Analysis
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Archive
- 10/6/2017
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iShares MSCI Italy Index
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Summary:
Weekly :Lane's Stochastic is overbought
Daily :Williams' Percentage Range is oversoldPrice is close to the 50 Day Moving AverageThe 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 second negative week after 6 consecutive positive weeks for the iShares MSCI Italy Index (EWI). During the week, the EWI dropped -0.54 points, or -1.72%, and closed at 30.77 on Friday, October 06, 2017. It was the worst weekly loss since August 11, 2017. Weekly volume was 49% 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 31.61 on September 22, 2017. EWI gained -21.80 points, or -222.22%, in 64 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 31.61 on September 22, 2017. EWI gained -8.48 points, or -36.66%, in 30 weeks. The price is now at the 9.91% retracement level.

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. 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 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 September 22, 2017 at 31.61 and reached 30.65 on October 6, 2017. EWI lost 0.96 points, or 3.04%, in 14 days. The price is now at the 12.50% retracement level.

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

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

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 (2.77%). It is 77.42% 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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) 37.56
Williams' Percentage Range (W%R) 94.80
Strong Oversold
Lane's Stochastic (%D-Slow) 29.83
Greed/Fear Indicator (GFI) 24.20
Moving Average Converg./Diverg. (MACD) 0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.96
Williams' Percentage Range (W%R) 21.00
Lane's Stochastic (%D-Slow) 87.81
Overbought
Greed/Fear Indicator (GFI) 75.78
Moving Average Converg./Diverg. (MACD) 1.84
Trading Signals
Description Value Chart
Upper Bollinger Band 31.40
Weekly Stochastic Crossing 31.30
Parabolic System 31.25
20 Day Moving Average 31.14
Daily Stochastic Crossing 30.82
Price 30.77
Lower Bollinger Band 30.53
50 Day Moving Average 30.52
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 31.37
High Date 09/29/2017
Low 30.65
Low Date 10/06/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.61
High Date 09/22/2017
Low 30.65
Low Date 10/06/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.13
Low Date 02/24/2017
High 31.61
High Date 09/22/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.81
Low Date 06/27/2016
High 31.61
High Date 09/22/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.21
Low Date 07/24/2012
High 31.61
High Date 09/22/2017
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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