The Greedy Trader Weekly Analysis
Sign In Dec 14, 2018
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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 Pacific ex-Japan
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Summary:
Weekly :Broken trend support lineTrend support at 42.44
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the pricePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP dropped -0.77 points, or -1.79%, and closed at 42.34 on Friday, December 07, 2018. It was the worst weekly loss since October 26, 2018. Weekly volume was 27% above average.

Long-term trend: [See EPP long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 32.77 and reached 50.33 on January 26, 2018. EPP gained -17.56 points, or -53.59%, in 105 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (51.50) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See EPP medium-term trend chart]
A medium-term uptrend had started on October 29, 2018 at 40.43 and reached 44.18 on December 3, 2018. EPP gained -3.75 points, or -9.28%, in 5 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (42.44) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

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

The weekly MACD line is below its signal line since June 8, 2018. 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 EPP short-term trend chart]
A short-term downtrend had started on December 3, 2018 at 44.18 and reached 42.04 on December 6, 2018. EPP lost 2.14 points, or 4.84%, in 3 days. The price is now at the 14.02% retracement level.

Daily Technical Indicators: [See EPP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (42.21) comes close to the price (42.34). 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.11
Williams' Percentage Range (W%R) 51.60
Lane's Stochastic (%D-Slow) 50.37
Greed/Fear Indicator (GFI) 47.97
Moving Average Converg./Diverg. (MACD) 0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.63
Williams' Percentage Range (W%R) 63.10
Lane's Stochastic (%D-Slow) 45.88
Greed/Fear Indicator (GFI) 42.56
Moving Average Converg./Diverg. (MACD) -1.01
Trading Signals
Description Value Chart
Monthly Trendline Resistance 44.27
Upper Bollinger Band 43.87
Daily Stochastic Crossing 43.00
50 Day Moving Average 42.87
20 Day Moving Average 42.87
Monthly Trendline Support 42.44
Price 42.34
Parabolic System 42.21
Weekly Stochastic Crossing 42.17
Lower Bollinger Band 41.88
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.18
High Date 12/03/2018
Low 42.04
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.18
High Date 12/03/2018
Low 42.04
Low Date 12/06/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 44.27
Support 42.44
Low 40.43
Low Date 10/29/2018
High 44.18
High Date 12/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.33
High Date 01/26/2018
Low 40.43
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 56.92
Support 51.50
Low 32.77
Low Date 01/20/2016
High 50.33
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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