The Greedy Trader Weekly Analysis
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Number of records: 10
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
iShares MSCI Emerg Mkts Index
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance lineTrend resistance at 44.33
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gave back -0.04 points, or -0.09%, and closed at 44.36 on Friday, April 12, 2019. Weekly volume was -37% below average.

Long-term trend: [See EEM long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 52.08 and reached 37.58 on October 29, 2018. EEM lost 14.50 points, or 27.84%, in 39 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (38.91) 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 December 26, 2018 at 38.04 and reached 44.64 on April 10, 2019. EEM gained -6.60 points, or -17.35%, in 15 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (44.33). 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 medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 January 4, 2019. 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 March 8, 2019 at 41.39 and reached 44.64 on April 10, 2019. EEM gained -3.25 points, or -7.85%, in 33 days. The price is now at the 8.62% retracement level.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since April 1, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.94
Williams' Percentage Range (W%R) 6.20
Strong Overbought
Lane's Stochastic (%D-Slow) 83.45
Overbought
Greed/Fear Indicator (GFI) 83.06
Overbought
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.91
Williams' Percentage Range (W%R) 2.40
Strong Overbought
Lane's Stochastic (%D-Slow) 78.63
Bearish
Greed/Fear Indicator (GFI) 78.04
Moving Average Converg./Diverg. (MACD) -0.05 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 45.07
Daily Stochastic Crossing 44.46
Price 44.36
Weekly Trendline Resistance 44.33
Weekly Stochastic Crossing 43.98
Parabolic System 43.57
20 Day Moving Average 43.54
50 Day Moving Average 42.97
Weekly Trendline Support 42.93
Lower Bollinger Band 42.15
Quarterly Trendline Support 38.91
Quarterly Trendline Resistance 38.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.39
Low Date 03/08/2019
High 44.64
High Date 04/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 44.33
Support 42.93
Low 38.04
Low Date 12/26/2018
High 44.64
High Date 04/10/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.58
Low Date 10/29/2018
High 44.64
High Date 04/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 38.04
Support 38.91
High 52.08
High Date 01/26/2018
Low 37.58
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.22
Low Date 11/20/2008
High 52.08
High Date 01/26/2018
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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