The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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iShares MSCI Brazil Index
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Summary:
Weekly :Broken trend support lineBroken trend support lineRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Stochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergenceA Parabolic SAR indicator is below and near the priceThe Bollinger Bands are historically far apart
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It was the negative week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ dropped -1.65 points, or -4.61%, and closed at 34.16 on Friday, June 08, 2018. Weekly volume was 277% above average.

Long-term trend: [See EWZ long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 17.30 and reached 47.85 on January 25, 2018. EWZ gained -30.55 points, or -176.59%, in 105 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (43.35) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See EWZ medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 47.85 and reached 31.28 on June 7, 2018. EWZ lost 16.57 points, or 34.63%, in 19 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend support line (41.45) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a medium-term trend.

Weekly Technical Indicators: [See EWZ weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 23, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See EWZ short-term trend chart]
A short-term downtrend had started on June 4, 2018 at 36.58 and reached 31.28 on June 7, 2018. EWZ lost 5.30 points, or 14.49%, in 3 days. The price is now at the 54.34% retracement level.

Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish 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 bullish 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 April 30, 2018. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (34.47) comes close to the price (34.16). It indicates that the trend is getting weaker. 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 distance between the Bollinger Bands (27.75%) is close to one year high (24.88%). It is 168.93% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell 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) 31.97
Williams' Percentage Range (W%R) 75.40
Lane's Stochastic (%D-Slow) 23.17
Bullish
Greed/Fear Indicator (GFI) 26.57
Moving Average Converg./Diverg. (MACD) -1.66 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 14.25
Oversold
Williams' Percentage Range (W%R) 84.20
Oversold
Lane's Stochastic (%D-Slow) 11.32
Oversold
Greed/Fear Indicator (GFI) 20.80
Moving Average Converg./Diverg. (MACD) 0.19
Trading Signals
Description Value Chart
Upper Bollinger Band 41.74
50 Day Moving Average 40.44
20 Day Moving Average 37.33
Parabolic System 34.47
Price 34.16
Weekly Stochastic Crossing 32.67
Daily Stochastic Crossing 32.38
Lower Bollinger Band 32.28
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.58
High Date 06/04/2018
Low 31.28
Low Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.04
High Date 04/18/2018
Low 31.28
Low Date 06/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.20
High Date 02/26/2018
Low 31.28
Low Date 06/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 41.73
Support 41.45
High 47.85
High Date 01/25/2018
Low 31.28
Low Date 06/07/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 50.60
Support 43.35
Low 17.30
Low Date 01/20/2016
High 47.85
High Date 01/25/2018
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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