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 :Broken trend support line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the iShares MSCI EAFE Index (EFA). During the week, the EFA climbed 0.62 points, or 0.93%, and closed at 67.61 on Friday, July 06, 2018. It was the best weekly gain since May 11, 2018. EFA was trading at average weekly trading volume.

Long-term trend: [See EFA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 75.27 and reached 66.00 on July 2, 2018. EFA lost 9.27 points, or 12.32%, in 22 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (72.28) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 EFA medium-term trend chart]
A medium-term downtrend had started on May 14, 2018 at 72.10 and reached 66.00 on July 2, 2018. EFA lost 6.10 points, or 8.46%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 65.68 and resistance is at 70.02. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EFA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See EFA short-term trend chart]
A short-term uptrend had started on July 2, 2018 at 66.00 and reached 67.71 on July 6, 2018. EFA gained -1.71 points, or -2.59%, in 4 days. The price is now at the 5.85% retracement level.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

The distance between the Bollinger Bands is 121.95% higher then one year average. It indicates the period of high 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) 34.89
Williams' Percentage Range (W%R) 74.00
Lane's Stochastic (%D-Slow) 47.17
Greed/Fear Indicator (GFI) 36.03
Moving Average Converg./Diverg. (MACD) -0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.74
Williams' Percentage Range (W%R) 78.50
Lane's Stochastic (%D-Slow) 29.20
Greed/Fear Indicator (GFI) 31.40
Moving Average Converg./Diverg. (MACD) 0.21
Trading Signals
Description Value Chart
Quarterly Trendline Support 72.28
Quarterly Trendline Resistance 71.93
Upper Bollinger Band 71.21
Monthly Trendline Resistance 70.02
50 Day Moving Average 69.75
20 Day Moving Average 68.18
Price 67.61
Weekly Stochastic Crossing 67.44
Daily Stochastic Crossing 66.83
Parabolic System 65.93
Monthly Trendline Support 65.68
Lower Bollinger Band 64.75
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.00
Low Date 07/02/2018
High 67.71
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.00
Low Date 07/02/2018
High 67.71
High Date 07/06/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 70.02
Support 65.68
High 72.10
High Date 05/14/2018
Low 66.00
Low Date 07/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 71.93
Support 72.28
High 75.27
High Date 01/26/2018
Low 66.00
Low Date 07/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.94
Low Date 02/11/2016
High 75.27
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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