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 Canada Index
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Summary:
Weekly :Broken trend resistance line
Daily :The price has fallen below the Parabolic SARThe Bollinger Bands are historically close togetherPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second consecutive positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC climbed 0.04 points, or 0.15%, and closed at 26.55 on Friday, June 16, 2017. Weekly volume was 22% above average.

Long-term trend: [See EWC long-term trend chart]
A long-term downtrend had started on April 6, 2011 at 34.57 and reached 18.07 on January 20, 2016. EWC lost 16.50 points, or 47.73%, in 250 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 16.29 and resistance is at 31.92. 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 long-term trend.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term downtrend had started on February 16, 2017 at 27.92 and reached 25.58 on May 18, 2017. EWC lost 2.34 points, or 8.38%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (25.31) 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 medium-term trend.

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

The weekly MACD line is below its signal line since March 3, 2017. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term uptrend had started on May 31, 2017 at 26.02 and reached 26.93 on June 14, 2017. EWC gained -0.91 points, or -3.50%, in 14 days. The price is now at the 41.76% retracement level.

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

The daily MACD line is above its signal line since May 18, 2017. 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.

The distance between the Bollinger Bands (1.96%) is close to one year low (2.58%). It is 59.97% 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.

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) 54.03
Williams' Percentage Range (W%R) 50.50
Lane's Stochastic (%D-Slow) 57.05
Greed/Fear Indicator (GFI) 53.52
Moving Average Converg./Diverg. (MACD) 0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.49
Williams' Percentage Range (W%R) 63.20
Lane's Stochastic (%D-Slow) 45.87
Greed/Fear Indicator (GFI) 44.35
Moving Average Converg./Diverg. (MACD) 0.16
Trading Signals
Description Value Chart
Parabolic System 26.94
Upper Bollinger Band 26.67
Price 26.55
Daily Stochastic Crossing 26.54
50 Day Moving Average 26.43
20 Day Moving Average 26.39
Weekly Stochastic Crossing 26.30
Monthly Trendline Resistance 26.19
Lower Bollinger Band 26.13
Monthly Trendline Support 25.31
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 26.02
Low Date 05/31/2017
High 26.93
High Date 06/14/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.58
Low Date 05/18/2017
High 26.93
High Date 06/14/2017
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 26.19
Support 25.31
High 27.92
High Date 02/16/2017
Low 25.58
Low Date 05/18/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.07
Low Date 01/20/2016
High 27.92
High Date 02/16/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 31.92
Support 16.29
High 34.57
High Date 04/06/2011
Low 18.07
Low Date 01/20/2016
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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