The Greedy Trader Weekly Analysis
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Number of records: 10
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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 :
Daily :Price is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was a second consecutive positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA climbed 0.20 points, or 0.97%, and closed at 20.78 on Friday, February 8, 2019. Weekly volume was 82% 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 18.35 on December 26, 2018. EWA lost 5.83 points, or 24.11%, in 47 weeks. The price is now at the 41.68% retracement level.

Medium-term trend: [See EWA medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 18.35 and reached 21.10 on February 5, 2019. EWA gained -2.75 points, or -14.99%, in 5 weeks. The price is now at the 11.64% retracement level.

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

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. 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 February 5, 2019 at 21.10 and reached 20.68 on February 8, 2019. EWA lost 0.42 points, or 1.99%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 January 3, 2019. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.24
Williams' Percentage Range (W%R) 33.60
Lane's Stochastic (%D-Slow) 75.48
Greed/Fear Indicator (GFI) 65.36
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.16
Williams' Percentage Range (W%R) 41.30
Lane's Stochastic (%D-Slow) 66.89
Greed/Fear Indicator (GFI) 57.94
Moving Average Converg./Diverg. (MACD) -0.59
Trading Signals
Description Value Chart
Upper Bollinger Band 21.01
Daily Stochastic Crossing 20.91
Price 20.78
20 Day Moving Average 20.49
Weekly Stochastic Crossing 20.32
Parabolic System 20.30
50 Day Moving Average 20.11
Lower Bollinger Band 19.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 21.10
High Date 02/05/2019
Low 20.68
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.35
Low Date 12/26/2018
High 21.10
High Date 02/05/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.18
High Date 07/09/2018
Low 18.35
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.18
High Date 01/26/2018
Low 18.35
Low Date 12/26/2018
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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