The Greedy Trader Weekly Analysis
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- 11/30/2018
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iShares Cohen & Steers Realty Majors
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Summary:
Weekly :Williams' Percentage Range is overboughtWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceThe price has risen above the Parabolic SAR
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It was a first positive week for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF gained 2.43 points, or 2.39%, and closed at 104.07 on Friday, November 30, 2018. Weekly volume was 13% 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 downtrend resistance line (82.93) 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 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 104.39 on August 20, 2018. ICF gained -15.99 points, or -18.09%, in 27 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 95.90 and resistance is at 112.47. 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 October 15, 2018 at 94.39 and reached 104.24 on November 30, 2018. ICF gained -9.85 points, or -10.44%, in 46 days. Price is near the trend high.

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

The daily MACD line is above its signal line since October 18, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.86
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 73.94
Bearish
Greed/Fear Indicator (GFI) 75.94
Moving Average Converg./Diverg. (MACD) 0.85 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.24
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 73.20
Greed/Fear Indicator (GFI) 70.82
Moving Average Converg./Diverg. (MACD) 0.74
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 112.47
Upper Bollinger Band 104.40
Price 104.07
Daily Stochastic Crossing 103.67
Weekly Stochastic Crossing 102.27
20 Day Moving Average 101.79
Parabolic System 101.68
Yearly Trendline Resistance 101.29
50 Day Moving Average 99.73
Lower Bollinger Band 99.06
Quarterly Trendline Support 95.90
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 101.14
Low Date 11/23/2018
High 104.24
High Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 94.39
Low Date 10/15/2018
High 104.24
High Date 11/30/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.39
High Date 08/20/2018
Low 94.39
Low Date 10/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 112.47
Support 95.90
Low 88.40
Low Date 02/09/2018
High 104.39
High Date 08/20/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 101.29
Support 82.93
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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