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 Australia Index
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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversold
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA gained 0.92 points, or 4.61%, and closed at 20.88 on Friday, November 02, 2018. Weekly volume was 27% above average.

Long-term trend: [See EWA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 24.18 and reached 19.73 on October 26, 2018. EWA lost 4.45 points, or 18.40%, in 39 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (22.56) 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 EWA medium-term trend chart]
A medium-term downtrend had started on July 9, 2018 at 23.18 and reached 19.73 on October 26, 2018. EWA lost 3.45 points, or 14.88%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 19.48 and resistance is at 22.06. 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 EWA weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since August 31, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See EWA short-term trend chart]
A short-term downtrend had started on September 26, 2018 at 22.42 and reached 19.73 on October 26, 2018. EWA lost 2.69 points, or 12.00%, in 30 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (19.48) 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 short-term trend.

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

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.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.18
Williams' Percentage Range (W%R) 25.60
Lane's Stochastic (%D-Slow) 64.69
Greed/Fear Indicator (GFI) 64.42
Moving Average Converg./Diverg. (MACD) -0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.27
Williams' Percentage Range (W%R) 64.60
Lane's Stochastic (%D-Slow) 15.99
Oversold
Greed/Fear Indicator (GFI) 30.55
Moving Average Converg./Diverg. (MACD) -0.26
Trading Signals
Description Value Chart
Quarterly Trendline Support 22.56
Quarterly Trendline Resistance 22.23
Monthly Trendline Resistance 22.06
Upper Bollinger Band 21.56
50 Day Moving Average 21.51
Price 20.88
Daily Stochastic Crossing 20.74
20 Day Moving Average 20.63
Weekly Trendline Resistance 20.20
Weekly Stochastic Crossing 20.14
Lower Bollinger Band 19.99
Parabolic System 19.84
Weekly Trendline Support 19.48
Monthly Trendline Support 19.48
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19.73
Low Date 10/26/2018
High 21.04
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 20.20
Support 19.48
High 22.42
High Date 09/26/2018
Low 19.73
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 22.06
Support 19.48
High 23.18
High Date 07/09/2018
Low 19.73
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 22.23
Support 22.56
High 24.18
High Date 01/26/2018
Low 19.73
Low Date 10/26/2018
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.

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