The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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iShares MSCI Brazil Index
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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ dropped -3.63 points, or -9.68%, and closed at 33.87 on Friday, August 10, 2018. Weekly volume was 38% 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 (45.26) 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 30.98 on June 27, 2018. EWZ lost 16.87 points, or 35.26%, in 21 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 27.44 and resistance is at 43.61. 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 medium-term trend.

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

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 low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 August 3, 2018 at 37.65 and reached 33.73 on August 10, 2018. EWZ lost 3.92 points, or 10.41%, in 7 days. Price is near the trend low.

Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.25
Williams' Percentage Range (W%R) 76.10
Lane's Stochastic (%D-Slow) 27.94
Greed/Fear Indicator (GFI) 31.36
Moving Average Converg./Diverg. (MACD) 0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.04
Williams' Percentage Range (W%R) 75.60
Lane's Stochastic (%D-Slow) 56.14
Greed/Fear Indicator (GFI) 40.55
Moving Average Converg./Diverg. (MACD) -1.82
Trading Signals
Description Value Chart
Upper Bollinger Band 37.57
Parabolic System 37.10
20 Day Moving Average 35.80
Weekly Stochastic Crossing 35.28
Daily Stochastic Crossing 34.41
50 Day Moving Average 34.21
Price 33.87
Lower Bollinger Band 33.43
Quarterly Trendline Support 27.44
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 37.65
High Date 08/03/2018
Low 33.73
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.65
High Date 08/03/2018
Low 33.73
Low Date 08/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.98
Low Date 06/27/2018
High 37.65
High Date 08/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 43.61
Support 27.44
High 47.85
High Date 01/25/2018
Low 30.98
Low Date 06/27/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 51.91
Support 45.26
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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