The Greedy Trader Weekly Analysis
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Number of records: 15
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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 EAFE Index
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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtBroken trend resistance line
Daily :A Parabolic SAR indicator is below and near the priceThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the iShares MSCI EAFE Index (EFA). During the week, the EFA climbed 0.08 points, or 0.12%, and closed at 66.39 on Friday, June 16, 2017. EFA was trading at average weekly trading volume.

Long-term trend: [See EFA long-term trend chart]
A long-term downtrend had started on June 19, 2014 at 70.79 and reached 50.94 on February 11, 2016. EFA lost 19.85 points, or 28.04%, in 86 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (41.94) 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 EFA medium-term trend chart]
A medium-term uptrend had started on November 18, 2016 at 56.10 and reached 67.24 on June 2, 2017. EFA gained -11.14 points, or -19.86%, in 28 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 63.53 and resistance is at 69.88. 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 EFA weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 30, 2016. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See EFA short-term trend chart]
A short-term downtrend had started on June 2, 2017 at 67.24 and reached 65.49 on June 15, 2017. EFA lost 1.75 points, or 2.60%, in 13 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 25, 2017. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (67) comes close to the price (66.39). It indicates that the trend is getting weaker. 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.

The distance between the Bollinger Bands is falling, and it was 1.99% on Friday. It is 58.18% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.94
Williams' Percentage Range (W%R) 62.30
Lane's Stochastic (%D-Slow) 36.08
Greed/Fear Indicator (GFI) 42.58
Moving Average Converg./Diverg. (MACD) 0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.93
Williams' Percentage Range (W%R) 13.70
Overbought
Lane's Stochastic (%D-Slow) 91.77
Strong Overbought
Greed/Fear Indicator (GFI) 80.65
Overbought
Moving Average Converg./Diverg. (MACD) 1.59
Trading Signals
Description Value Chart
Monthly Trendline Resistance 69.88
Parabolic System 67.00
Weekly Stochastic Crossing 66.78
Upper Bollinger Band 66.75
Price 66.39
20 Day Moving Average 66.36
Daily Stochastic Crossing 66.13
Lower Bollinger Band 65.44
50 Day Moving Average 64.74
Monthly Trendline Support 63.53
Yearly Trendline Resistance 63.41
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 67.24
High Date 06/02/2017
Low 65.49
Low Date 06/15/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.35
Low Date 04/18/2017
High 67.24
High Date 06/02/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 69.88
Support 63.53
Low 56.10
Low Date 11/18/2016
High 67.24
High Date 06/02/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.94
Low Date 02/11/2016
High 67.24
High Date 06/02/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 63.41
Support 41.94
High 70.79
High Date 06/19/2014
Low 50.94
Low Date 02/11/2016
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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