The Greedy Trader Weekly Analysis
Sign In Jul 20, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 15
Symbol:  

• Symbol Lookup
• 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 Australia Index
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :MACD bearish divergenceWeekly  MACD line has moved above its signal lineTrend resistance at 22.79
Daily :The price has fallen below the Parabolic SARPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Australia Index (EWA). During the week, the EWA gave back -0.15 points, or -0.65%, and closed at 22.83 on Friday, July 13, 2018. EWA was trading at average weekly trading volume.

Long-term trend: [See EWA long-term trend chart]
A long-term uptrend had started on January 15, 2016 at 16.08 and reached 24.18 on January 26, 2018. EWA gained -8.10 points, or -50.37%, in 106 weeks. The price is now at the 16.67% retracement level.

Medium-term trend: [See EWA medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 24.18 and reached 21.54 on April 2, 2018. EWA lost 2.64 points, or 10.92%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (22.79). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See EWA short-term trend chart]
A short-term uptrend had started on June 19, 2018 at 21.91 and reached 23.18 on July 9, 2018. EWA gained -1.27 points, or -5.80%, in 20 days. The price is now at the 27.56% retracement level.

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

The daily MACD line is above its signal line since July 3, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Price is close to the 50 Day Moving Average. 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) 51.94
Williams' Percentage Range (W%R) 33.10
Lane's Stochastic (%D-Slow) 69.50
Greed/Fear Indicator (GFI) 62.79
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.94
Williams' Percentage Range (W%R) 37.40
Lane's Stochastic (%D-Slow) 56.78
Greed/Fear Indicator (GFI) 56.73
Moving Average Converg./Diverg. (MACD) -0.04 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 23.27
Parabolic System 23.17
Daily Stochastic Crossing 22.88
Price 22.83
Quarterly Trendline Resistance 22.79
50 Day Moving Average 22.67
Weekly Stochastic Crossing 22.59
20 Day Moving Average 22.57
Lower Bollinger Band 22.09
Quarterly Trendline Support 22.02
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 23.18
High Date 07/09/2018
Low 22.44
Low Date 07/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.91
Low Date 06/19/2018
High 23.18
High Date 07/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.54
Low Date 04/02/2018
High 23.18
High Date 07/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 22.79
Support 22.02
High 24.18
High Date 01/26/2018
Low 21.54
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.08
Low Date 01/15/2016
High 24.18
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© 2004-2016 All rights reserved.