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 Germany Index
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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Lane's Stochastic is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceA Parabolic SAR indicator is above and near the priceDaily  MACD line has moved above its signal lineThe price touches the upper Bollinger Band
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It was a fifth consecutive positive week for the iShares MSCI Germany Index (EWG). During the week, the EWG climbed 0.05 points, or 0.15%, and closed at 32.48 on Friday, October 06, 2017. Weekly volume was 40% above average.

Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 22.51 and reached 32.58 on October 4, 2017. EWG gained -10.07 points, or -44.74%, in 66 weeks. Price is near the trend high.

Medium-term trend: [See EWG medium-term trend chart]
A medium-term uptrend had started on August 10, 2017 at 30.18 and reached 32.58 on October 4, 2017. EWG gained -2.40 points, or -7.95%, in 7 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See EWG short-term trend chart]
A short-term uptrend had started on September 26, 2017 at 31.69 and reached 32.58 on October 4, 2017. EWG gained -0.89 points, or -2.81%, in 8 days. The price is now at the 11.24% retracement level.

Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (32.23) comes close to the price (32.48). 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 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) 61.88
Bearish
Williams' Percentage Range (W%R) 29.20
Lane's Stochastic (%D-Slow) 90.38
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 74.35
Moving Average Converg./Diverg. (MACD) 0.31 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.78
Williams' Percentage Range (W%R) 10.40
Overbought
Lane's Stochastic (%D-Slow) 90.47
Strong Overbought
Greed/Fear Indicator (GFI) 79.54
Moving Average Converg./Diverg. (MACD) 0.83
Trading Signals
Description Value Chart
Daily Stochastic Crossing 32.50
Upper Bollinger Band 32.50
Price 32.48
Weekly Stochastic Crossing 32.40
Parabolic System 32.23
20 Day Moving Average 32.14
Lower Bollinger Band 31.58
50 Day Moving Average 31.36
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.69
Low Date 09/26/2017
High 32.58
High Date 10/04/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.18
Low Date 08/10/2017
High 32.58
High Date 10/04/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.08
Low Date 06/30/2017
High 32.58
High Date 10/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.55
Low Date 12/01/2016
High 32.58
High Date 10/04/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.51
Low Date 06/27/2016
High 32.58
High Date 10/04/2017
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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