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iShares MSCI Emerg Mkts Index (EEM) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gained 3.04 points, or 5.88%, and closed at 54.71 on Friday, January 8, 2021. It was the best weekly gain since November 6, 2020. EEM was trading at average weekly trading volume.
 Long-term trend: [See EEM long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 52.08 and reached 30.10 on March 23, 2020. EEM lost 21.98 points, or 42.20%, in 112 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (25.78) 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. EEM 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 EEM medium-term trend chart]
A medium-term uptrend had started on September 25, 2020 at 42.29 and reached 54.74 on January 8, 2021. EEM gained -12.45 points, or -29.44%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (50.52) 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 EEM weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See EEM short-term trend chart]
A short-term uptrend had started on December 22, 2020 at 49.77 and reached 54.74 on January 8, 2021. EEM gained -4.97 points, or -9.99%, in 17 days. Price is near the trend high.
 Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
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