The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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iShares MSCI Brazil Index
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
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It was a third positive week after 3 consecutive negative weeks for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ gained 0.98 points, or 2.34%, and closed at 42.78 on Friday, January 11, 2019. EWZ was trading at average weekly trading volume.

Long-term trend: [See EWZ long-term trend chart]
A long-term downtrend had started on January 25, 2018 at 47.85 and reached 30.65 on September 13, 2018. EWZ lost 17.20 points, or 35.95%, in 33 weeks. The price is now at the 70.52% retracement level.

Medium-term trend: [See EWZ medium-term trend chart]
A medium-term uptrend had started on September 13, 2018 at 30.65 and reached 43.14 on January 10, 2019. EWZ gained -12.49 points, or -40.75%, in 17 weeks. The chart has formed a Falling Channel chart pattern. The uptrend resistance line (35.24) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 EWZ weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 21, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EWZ short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 36.23 and reached 43.14 on January 10, 2019. EWZ gained -6.91 points, or -19.07%, in 15 days. The price is now at the 5.21% retracement level.

Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. 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. Use the following links to access Lane's Stochastic and Relative Strength Index 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 relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.67
Overbought
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 94.43
Strong Overbought
Greed/Fear Indicator (GFI) 88.80
Overbought
Moving Average Converg./Diverg. (MACD) 0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.96
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 45.23
Greed/Fear Indicator (GFI) 65.15
Moving Average Converg./Diverg. (MACD) 0.33
Trading Signals
Description Value Chart
Upper Bollinger Band 44.59
Daily Stochastic Crossing 42.97
Price 42.78
Parabolic System 40.76
Weekly Stochastic Crossing 39.52
50 Day Moving Average 39.45
20 Day Moving Average 39.38
Monthly Trendline Resistance 39.18
Lower Bollinger Band 35.84
Monthly Trendline Support 35.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 36.23
Low Date 12/26/2018
High 43.14
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.23
Low Date 12/26/2018
High 43.14
High Date 01/10/2019
Description Value
Direction Up
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 39.18
Support 35.24
Low 30.65
Low Date 09/13/2018
High 43.14
High Date 01/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.85
High Date 01/25/2018
Low 30.65
Low Date 09/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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