The Greedy Trader Weekly Analysis
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Archive
- 2/8/2019
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iShares MSCI France Index
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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the iShares MSCI France Index (EWQ). During the week, the EWQ dropped -0.49 points, or -1.73%, and closed at 27.76 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was -38% below average.

Long-term trend: [See EWQ long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 33.73 and reached 25.53 on December 26, 2018. EWQ lost 8.20 points, or 24.31%, in 47 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 24.94 and resistance is at 31.55. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See EWQ medium-term trend chart]
A medium-term downtrend had started on May 22, 2018 at 33.06 and reached 25.53 on December 26, 2018. EWQ lost 7.53 points, or 22.78%, in 31 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (25.33) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

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

The weekly MACD line is above its signal line since January 25, 2019. Use the following link to access a MACD help.

Short-term trend: [See EWQ short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 25.53 and reached 28.53 on February 5, 2019. EWQ gained -3.00 points, or -11.75%, in 41 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 daily MACD line is above its signal line since December 28, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.55
Williams' Percentage Range (W%R) 48.00
Lane's Stochastic (%D-Slow) 67.37
Greed/Fear Indicator (GFI) 59.31
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.06
Williams' Percentage Range (W%R) 67.10
Lane's Stochastic (%D-Slow) 62.34
Greed/Fear Indicator (GFI) 47.35
Moving Average Converg./Diverg. (MACD) -1.01
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 31.55
Upper Bollinger Band 28.76
Parabolic System 28.52
Daily Stochastic Crossing 28.15
Price 27.76
20 Day Moving Average 27.58
Weekly Stochastic Crossing 27.57
50 Day Moving Average 27.21
Lower Bollinger Band 26.58
Monthly Trendline Resistance 26.28
Monthly Trendline Support 25.33
Quarterly Trendline Support 24.94
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 26.78
Low Date 01/15/2019
High 28.53
High Date 02/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.53
Low Date 12/26/2018
High 28.53
High Date 02/05/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 26.28
Support 25.33
High 33.06
High Date 05/22/2018
Low 25.53
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 31.55
Support 24.94
High 33.73
High Date 01/26/2018
Low 25.53
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.00
Low Date 06/27/2016
High 33.73
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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