The Greedy Trader Weekly Analysis
Sign In Mar 22, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 8
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 3/15/2019
Sign In to see current Signals.
iShares MSCI Italy Index
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a first positive week for the iShares MSCI Italy Index (EWI). During the week, the EWI gained 0.74 points, or 2.76%, and closed at 27.54 on Friday, March 15, 2019. EWI was trading at average weekly trading volume.

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 10.23 and resistance is at 39.40. 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 January 26, 2018 at 34.44 and reached 23.20 on December 26, 2018. EWI lost 11.24 points, or 32.64%, in 47 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 21.35 and resistance is at 33.64. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending 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 strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly 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 weekly MACD line is above its signal line since January 4, 2019. The distance between MACD and the signal line is relatively high and getting bigger. 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 March 8, 2019 at 26.57 and reached 27.56 on March 15, 2019. EWI gained -0.99 points, or -3.73%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since March 6, 2019. The distance between MACD and the signal line is low and getting smaller.

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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 66.38
Williams' Percentage Range (W%R) 4.70
Strong Overbought
Lane's Stochastic (%D-Slow) 73.92
Bearish
Greed/Fear Indicator (GFI) 78.54
Moving Average Converg./Diverg. (MACD) 0.33 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.79
Williams' Percentage Range (W%R) 1.40
Strong Overbought
Lane's Stochastic (%D-Slow) 91.59
Strong Overbought
Greed/Fear Indicator (GFI) 83.87
Overbought
Moving Average Converg./Diverg. (MACD) -0.71
Trading Signals
Description Value Chart
Monthly Trendline Resistance 28.20
Price 27.54
Upper Bollinger Band 27.48
Weekly Stochastic Crossing 27.42
Daily Stochastic Crossing 27.36
20 Day Moving Average 26.95
Parabolic System 26.58
Monthly Trendline Support 26.49
Lower Bollinger Band 26.28
50 Day Moving Average 26.19
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 26.57
Low Date 03/08/2019
High 27.56
High Date 03/15/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.57
Low Date 03/08/2019
High 27.56
High Date 03/15/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 28.20
Support 26.49
Low 23.20
Low Date 12/26/2018
High 27.56
High Date 03/15/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 33.64
Support 21.35
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 39.40
Support 10.23
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.

Copyright© 2004-2018 All rights reserved.