The Greedy Trader Weekly Analysis
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- 11/10/2017
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iShares Cohen & Steers Realty Majors
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Summary:
Weekly :Broken trend support line
Daily :Lane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price has risen above the Parabolic SARBroken trend resistance line
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It was a second consecutive positive week for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF gained 2.21 points, or 2.19%, and closed at 103.30 on Friday, November 10, 2017. ICF was trading at average weekly trading volume.

Long-term trend: [See ICF long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 23.04 and reached 112.45 on July 29, 2016. ICF gained -89.41 points, or -388.06%, in 386 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 78.09 and resistance is at 116.77. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See ICF medium-term trend chart]
A medium-term downtrend had started on July 29, 2016 at 112.45 and reached 93.02 on November 10, 2016. ICF lost 19.43 points, or 17.28%, in 14 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (103.50) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since September 29, 2017. 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 ICF short-term trend chart]
A short-term downtrend had started on September 12, 2017 at 104.36 and reached 98.37 on October 27, 2017. ICF lost 5.99 points, or 5.74%, in 45 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (97.66) 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. ICF 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 short-term trend.

Daily Technical Indicators: [See ICF daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. 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 daily MACD line is above its signal line since November 2, 2017. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 68.30
Williams' Percentage Range (W%R) 21.00
Lane's Stochastic (%D-Slow) 92.10
Strong Overbought
Greed/Fear Indicator (GFI) 79.81
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.39
Williams' Percentage Range (W%R) 25.00
Lane's Stochastic (%D-Slow) 46.38
Greed/Fear Indicator (GFI) 58.59
Moving Average Converg./Diverg. (MACD) 0.19
Trading Signals
Description Value Chart
Yearly Trendline Resistance 116.77
Quarterly Trendline Resistance 104.56
Monthly Trendline Resistance 104.51
Upper Bollinger Band 104.19
Daily Stochastic Crossing 103.54
Monthly Trendline Support 103.50
Quarterly Trendline Support 103.50
Price 103.30
Weekly Trendline Resistance 102.09
50 Day Moving Average 101.61
20 Day Moving Average 101.33
Weekly Stochastic Crossing 100.83
Parabolic System 100.80
Lower Bollinger Band 99.03
Weekly Trendline Support 97.66
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 98.37
Low Date 10/27/2017
High 103.85
High Date 11/09/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 102.09
Support 97.66
High 104.36
High Date 09/12/2017
Low 98.37
Low Date 10/27/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 104.51
Support 103.50
Low 93.02
Low Date 11/10/2016
High 104.36
High Date 09/12/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 104.56
Support 103.50
High 112.45
High Date 07/29/2016
Low 93.02
Low Date 11/10/2016
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 116.77
Support 78.09
Low 23.04
Low Date 03/06/2009
High 112.45
High Date 07/29/2016
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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