The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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iShares MSCI EMU Index (EZU) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance lineBroken trend support line
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversold
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It was the negative week for the iShares MSCI EMU Index (EZU). During the week, the EZU gave back -0.28 points, or -0.57%, and closed at 48.73 on Friday, April 19, 2024. Weekly volume was 27% above average.

Long-term trend: [See EZU long-term trend chart]
A long-term downtrend had started on November 9, 2021 at 51.62 and reached 31.14 on October 13, 2022. EZU lost 20.48 points, or 39.67%, in 48 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (44.26) 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 long-term trend.

Medium-term trend: [See EZU medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 40.15 and reached 51.46 on April 1, 2024. EZU gained -11.31 points, or -28.17%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (51.06) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EZU may retest the broken support line. It is considered to be a resistance line now. 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 EZU weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EZU short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 51.03 and reached 48.54 on April 19, 2024. EZU lost 2.49 points, or 4.88%, in 10 days. The price is now at the 7.63% retracement level.

Daily Technical Indicators: [See EZU daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since March 15, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.90
Williams' Percentage Range (W%R) 88.70
Oversold
Lane's Stochastic (%D-Slow) 6.89
Strong Oversold
Greed/Fear Indicator (GFI) 13.36
Oversold
Moving Average Converg./Diverg. (MACD) -0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.12
Williams' Percentage Range (W%R) 40.70
Lane's Stochastic (%D-Slow) 77.35
Greed/Fear Indicator (GFI) 64.11
Moving Average Converg./Diverg. (MACD) 1.37
Trading Signals
Description Value Chart
Monthly Trendline Resistance 52.25
Upper Bollinger Band 51.53
Monthly Trendline Support 51.06
Weekly Stochastic Crossing 50.69
20 Day Moving Average 50.13
50 Day Moving Average 49.56
Parabolic System 49.32
Price 48.73
Daily Stochastic Crossing 48.68
Lower Bollinger Band 47.87
Yearly Trendline Resistance 45.29
Yearly Trendline Support 44.26
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 51.03
High Date 04/09/2024
Low 48.54
Low Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.46
High Date 04/01/2024
Low 48.54
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 52.25
Support 51.06
Low 40.15
Low Date 10/27/2023
High 51.46
High Date 04/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.14
Low Date 10/13/2022
High 51.46
High Date 04/01/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 45.29
Support 44.26
High 51.62
High Date 11/09/2021
Low 31.14
Low Date 10/13/2022
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.