The Greedy Trader Weekly Analysis
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Yearly 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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- 3/15/2024 -
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iShares MSCI EMU Index (EZU) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergenceA Parabolic SAR indicator is above and near the price
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It was a sixth consecutive positive week for the iShares MSCI EMU Index (EZU). During the week, the EZU climbed 0.25 points, or 0.50%, and closed at 50.35 on Friday, March 15, 2024. Weekly volume was -33% below 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 (43.43) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EZU may retest the broken resistance line. It is considered to be a support 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 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 50.88 on March 15, 2024. EZU gained -10.73 points, or -26.72%, in 20 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (48.60) 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 EZU weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range 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. Use the following link to access a MACD help.

Short-term trend: [See EZU short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 46.55 and reached 50.88 on March 15, 2024. EZU gained -4.33 points, or -9.30%, in 31 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See EZU daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish 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 bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since February 14, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (50.16) comes close to the price (50.35). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.38
Williams' Percentage Range (W%R) 13.10
Overbought
Lane's Stochastic (%D-Slow) 80.95
Overbought Bearish
Greed/Fear Indicator (GFI) 78.74
Moving Average Converg./Diverg. (MACD) 0.73 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.76
Williams' Percentage Range (W%R) 3.90
Strong Overbought
Lane's Stochastic (%D-Slow) 93.62
Strong Overbought
Greed/Fear Indicator (GFI) 82.64
Overbought
Moving Average Converg./Diverg. (MACD) 0.98
Trading Signals
Description Value Chart
Upper Bollinger Band 51.06
Weekly Stochastic Crossing 50.67
Daily Stochastic Crossing 50.66
Price 50.35
Parabolic System 50.16
20 Day Moving Average 49.43
Monthly Trendline Support 48.60
50 Day Moving Average 47.89
Monthly Trendline Resistance 47.80
Lower Bollinger Band 47.79
Yearly Trendline Resistance 45.53
Yearly Trendline Support 43.43
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 46.55
Low Date 02/13/2024
High 50.88
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.10
Low Date 01/17/2024
High 50.88
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 47.80
Support 48.60
Low 40.15
Low Date 10/27/2023
High 50.88
High Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.14
Low Date 10/13/2022
High 50.88
High Date 03/15/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 45.53
Support 43.43
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.