The Greedy Trader Weekly Analysis
Sign In Aug 23, 2019
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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 (EEM)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversold
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 -0.33 points, or -0.83%, and closed at 39.54 on Friday, August 16, 2019. Weekly volume was 11% above 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 Symmetric Triangle chart pattern. The downtrend support line (40.65) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a long-term trend.

Medium-term trend: [See EEM medium-term trend chart]
A medium-term downtrend had started on April 17, 2019 at 44.84 and reached 38.72 on August 14, 2019. EEM lost 6.12 points, or 13.65%, in 17 weeks. The price is now at the 13.40% retracement level.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since July 26, 2019. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See EEM short-term trend chart]
A short-term downtrend had started on July 1, 2019 at 43.74 and reached 38.72 on August 14, 2019. EEM lost 5.02 points, or 11.48%, in 44 days. The price is now at the 16.33% retracement level.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

The daily MACD line is below its signal line since July 9, 2019. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.08
Williams' Percentage Range (W%R) 85.40
Oversold
Lane's Stochastic (%D-Slow) 23.64
Greed/Fear Indicator (GFI) 23.10
Moving Average Converg./Diverg. (MACD) -0.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.78
Williams' Percentage Range (W%R) 89.50
Oversold
Lane's Stochastic (%D-Slow) 45.36
Greed/Fear Indicator (GFI) 34.51
Moving Average Converg./Diverg. (MACD) -0.05
Trading Signals
Description Value Chart
Upper Bollinger Band 43.57
Quarterly Trendline Resistance 42.92
50 Day Moving Average 41.85
20 Day Moving Average 40.87
Quarterly Trendline Support 40.65
Weekly Stochastic Crossing 40.56
Parabolic System 40.09
Price 39.54
Daily Stochastic Crossing 39.13
Lower Bollinger Band 37.54
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 43.74
High Date 07/01/2019
Low 38.72
Low Date 08/14/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.84
High Date 04/17/2019
Low 38.72
Low Date 08/14/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.58
Low Date 10/29/2018
High 44.84
High Date 04/17/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 42.92
Support 40.65
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.

Copyright© 2004-2018 All rights reserved.