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 uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtA Parabolic SAR indicator is above and near the priceThe price touches the upper Bollinger BandThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the first negative week after 7 consecutive positive weeks for the iShares MSCI EAFE Index (EFA). During the week, the EFA gave back -0.05 points, or -0.07%, and closed at 68.43 on Friday, October 06, 2017. It was the worst weekly loss since August 11, 2017. Weekly volume was -21% below average.

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 (39.88) 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. EFA 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 EFA medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 50.94 and reached 68.71 on September 20, 2017. EFA gained -17.77 points, or -34.88%, in 83 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (61.49) 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 EFA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 4, 2017. The distance between MACD and the signal line is low and getting smaller. 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 7, 2017 at 64.56 and reached 68.71 on September 20, 2017. EFA gained -4.15 points, or -6.43%, in 75 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 68.06 and resistance is at 69.11. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is below its signal line since October 3, 2017. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (68.14) comes close to the price (68.43). 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 price touches the upper Bollinger Band. The distance between the Bollinger Bands (1.4%) is close to one year low (1.57%). It is 62.23% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 55.60
Williams' Percentage Range (W%R) 50.50
Lane's Stochastic (%D-Slow) 83.60
Overbought
Greed/Fear Indicator (GFI) 62.91
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.08
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 87.15
Overbought
Greed/Fear Indicator (GFI) 77.86
Moving Average Converg./Diverg. (MACD) 1.50
Trading Signals
Description Value Chart
Weekly Trendline Resistance 69.11
Monthly Trendline Resistance 69.01
Upper Bollinger Band 68.55
Daily Stochastic Crossing 68.53
Price 68.43
Weekly Stochastic Crossing 68.36
20 Day Moving Average 68.23
Parabolic System 68.14
Weekly Trendline Support 68.06
Monthly Trendline Support 68.03
Lower Bollinger Band 67.60
50 Day Moving Average 67.35
Yearly Trendline Resistance 62.65
Quarterly Trendline Support 61.49
Quarterly Trendline Resistance 60.16
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.86
Low Date 08/11/2017
High 68.71
High Date 09/20/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 69.11
Support 68.06
Low 64.56
Low Date 07/07/2017
High 68.71
High Date 09/20/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 69.01
Support 68.03
Low 56.10
Low Date 11/18/2016
High 68.71
High Date 09/20/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 60.16
Support 61.49
Low 50.94
Low Date 02/11/2016
High 68.71
High Date 09/20/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 62.65
Support 39.88
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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