The Greedy Trader Weekly Analysis
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Archive
- 8/3/2018
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iShares Cohen & Steers Realty Majors
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 102.86
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a first positive week after 3 consecutive negative weeks for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF gained 3.51 points, or 3.55%, and closed at 102.43 on Friday, August 03, 2018. It was the best weekly gain since March 29, 2018. Weekly volume was 40% above average.

Long-term trend: [See ICF long-term trend chart]
A long-term downtrend had started on July 29, 2016 at 112.45 and reached 88.40 on February 9, 2018. ICF lost 24.05 points, or 21.39%, in 80 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (102.86). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See ICF medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 88.40 and reached 102.56 on August 3, 2018. ICF gained -14.16 points, or -16.02%, in 25 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 94.55 and resistance is at 104.05. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ICF weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly 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 weekly 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. 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 April 27, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ICF short-term trend chart]
A short-term uptrend had started on July 24, 2018 at 98.05 and reached 102.56 on August 3, 2018. ICF gained -4.51 points, or -4.60%, in 10 days. Price is near the trend high.

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

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 20 Day Moving Average 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) 61.27
Williams' Percentage Range (W%R) 31.50
Lane's Stochastic (%D-Slow) 79.54
Greed/Fear Indicator (GFI) 69.77
Moving Average Converg./Diverg. (MACD) 0.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.56
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 81.88
Overbought Bearish
Greed/Fear Indicator (GFI) 76.69
Moving Average Converg./Diverg. (MACD) 0.17 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 104.05
Yearly Trendline Resistance 102.86
Price 102.43
Daily Stochastic Crossing 102.19
Upper Bollinger Band 102.14
Weekly Stochastic Crossing 101.18
20 Day Moving Average 100.11
Parabolic System 99.30
50 Day Moving Average 98.76
Lower Bollinger Band 97.90
Monthly Trendline Support 94.55
Yearly Trendline Support 84.50
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 98.16
Low Date 07/30/2018
High 102.56
High Date 08/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 98.05
Low Date 07/24/2018
High 102.56
High Date 08/03/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 104.05
Support 94.55
Low 88.40
Low Date 02/09/2018
High 102.56
High Date 08/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.37
High Date 12/18/2017
Low 88.40
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 102.86
Support 84.50
High 112.45
High Date 07/29/2016
Low 88.40
Low Date 02/09/2018
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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