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 :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtA Parabolic SAR indicator is above and near the priceThe price touches the upper Bollinger BandThe Bollinger Bands are historically close together
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 0.20 points, or 0.69%, and closed at 29.24 on Friday, August 03, 2018. EWC was trading at average weekly trading volume.

Long-term trend: [See EWC long-term trend chart]
A long-term downtrend had started on January 5, 2018 at 30.60 and reached 26.91 on April 4, 2018. EWC lost 3.69 points, or 12.06%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (28.36) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWC may retest the broken resistance line. It is considered to be a support line now. 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 long-term trend.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 26.91 and reached 29.61 on May 22, 2018. EWC gained -2.70 points, or -10.03%, in 6 weeks. The price is now at the 13.70% retracement level.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 June 28, 2018 at 27.93 and reached 29.31 on August 1, 2018. EWC gained -1.38 points, or -4.94%, in 34 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 28.82 and resistance is at 29.37. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since July 24, 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.

A Parabolic SAR (stop and reversal) indicator (28.97) comes close to the price (29.24). It indicates that the trend is getting weaker. 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 price touches the upper Bollinger Band. The distance between the Bollinger Bands (2.05%) is close to one year low (2.06%). It is 55.83% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.50
Williams' Percentage Range (W%R) 10.10
Overbought
Lane's Stochastic (%D-Slow) 78.65
Greed/Fear Indicator (GFI) 76.34
Moving Average Converg./Diverg. (MACD) 0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.56
Williams' Percentage Range (W%R) 13.70
Overbought
Lane's Stochastic (%D-Slow) 63.59
Greed/Fear Indicator (GFI) 67.53
Moving Average Converg./Diverg. (MACD) 0.07
Trading Signals
Description Value Chart
Weekly Trendline Resistance 29.37
Upper Bollinger Band 29.27
Price 29.24
Daily Stochastic Crossing 29.21
Quarterly Trendline Resistance 29.07
20 Day Moving Average 29.01
Parabolic System 28.97
Weekly Stochastic Crossing 28.90
Weekly Trendline Support 28.82
50 Day Moving Average 28.77
Lower Bollinger Band 28.69
Quarterly Trendline Support 28.36
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.62
Low Date 07/11/2018
High 29.31
High Date 08/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 29.37
Support 28.82
Low 27.93
Low Date 06/28/2018
High 29.31
High Date 08/01/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.91
Low Date 04/04/2018
High 29.61
High Date 05/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 29.07
Support 28.36
High 30.60
High Date 01/05/2018
Low 26.91
Low Date 04/04/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.07
Low Date 01/20/2016
High 30.60
High Date 01/05/2018
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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