iShares MSCI Canada Index
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|It was a first positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 0.48 points, or 1.83%, and closed at 26.64 on Friday, November 30, 2018. It was the best weekly gain since September 21, 2018. Weekly volume was -17% below average. |
Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 18.07 and reached 30.60 on January 5, 2018. EWC gained -12.53 points, or -69.34%, in 102 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (29.59) 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 EWC medium-term trend chart]
A medium-term downtrend had started on January 5, 2018 at 30.60 and reached 25.76 on October 29, 2018. EWC lost 4.84 points, or 15.82%, in 42 weeks. The chart has formed a Rising Pennant chart pattern. The downtrend support line (29.77) 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 medium-term trend.
Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range 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 relatively 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 EWC short-term trend chart]
A short-term downtrend had started on November 7, 2018 at 27.22 and reached 25.86 on November 20, 2018. EWC lost 1.36 points, or 5.00%, in 13 days. The price is now at the 57.35% 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 November 1, 2018.
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.