The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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iShares Cohen & Steers Realty Majors
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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 61.8% retracement levelPrice is close to the 50 Day Moving Average
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It was the negative week for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF gave back -1.11 points, or -0.99%, and closed at 111.19 on Friday, May 10, 2019. Weekly volume was -54% below 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 downtrend resistance line (80.87) 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 ICF medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 91.14 and reached 112.62 on April 11, 2019. ICF gained -21.48 points, or -23.57%, in 15 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 107.64 and resistance is at 113.24. 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 is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 25, 2019. 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 ICF short-term trend chart]
A short-term downtrend had started on May 2, 2019 at 112.62 and reached 108.68 on May 9, 2019. ICF lost 3.94 points, or 3.50%, in 7 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ICF daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

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.

Price is close to the 50 Day Moving Average. 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) 64.83
Williams' Percentage Range (W%R) 49.80
Lane's Stochastic (%D-Slow) 41.93
Greed/Fear Indicator (GFI) 52.31
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.23
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 70.61
Greed/Fear Indicator (GFI) 70.98
Moving Average Converg./Diverg. (MACD) 2.61
Trading Signals
Description Value Chart
Monthly Trendline Resistance 113.24
Upper Bollinger Band 113.16
Parabolic System 112.34
Price 111.19
Weekly Stochastic Crossing 110.68
20 Day Moving Average 110.40
50 Day Moving Average 110.19
Daily Stochastic Crossing 109.99
Lower Bollinger Band 107.97
Monthly Trendline Support 107.64
Yearly Trendline Resistance 99.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 112.62
High Date 05/02/2019
Low 108.68
Low Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 107.04
Low Date 04/22/2019
High 112.62
High Date 05/02/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 113.24
Support 107.64
Low 91.14
Low Date 12/26/2018
High 112.62
High Date 04/11/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.40
Low Date 02/09/2018
High 112.62
High Date 04/11/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 99.22
Support 80.87
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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