The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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iShares MSCI Brazil Index
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Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range is overboughtLane's Stochastic bearish divergenceBroken trend resistance line
Move cursor over the icon to see details.

It was a third consecutive positive week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ gained 2.88 points, or 8.53%, and closed at 36.63 on Friday, October 05, 2018. Weekly volume was 115% 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 (46.95) 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 30.65 on September 13, 2018. EWZ lost 17.20 points, or 35.95%, in 33 weeks. The price is now at the 34.77% retracement level.

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

The weekly MACD line is above its signal line since September 21, 2018. 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 EWZ short-term trend chart]
A short-term uptrend had started on September 13, 2018 at 30.65 and reached 37.88 on October 3, 2018. EWZ gained -7.23 points, or -23.59%, in 20 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (33.59) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a short-term trend.

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

The daily MACD line is above its signal line since September 14, 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) 76.72
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 77.88
Bearish
Greed/Fear Indicator (GFI) 80.07
Overbought
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.58
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 33.43
Greed/Fear Indicator (GFI) 49.63
Moving Average Converg./Diverg. (MACD) -2.01
Trading Signals
Description Value Chart
Upper Bollinger Band 37.70
Daily Stochastic Crossing 37.06
Price 36.63
Weekly Trendline Resistance 36.16
Parabolic System 35.13
50 Day Moving Average 33.68
Weekly Trendline Support 33.59
Weekly Stochastic Crossing 33.42
20 Day Moving Average 33.36
Lower Bollinger Band 30.42
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 33.37
Low Date 10/01/2018
High 37.88
High Date 10/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 36.16
Support 33.59
Low 30.65
Low Date 09/13/2018
High 37.88
High Date 10/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.65
High Date 08/03/2018
Low 30.65
Low Date 09/13/2018
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 Rising Wedge
Status Broken Support
Resistance 53.07
Support 46.95
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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