The Greedy Trader Weekly Analysis
Sign In Jul 13, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the iShares MSCI Germany Index (EWG). During the week, the EWG gained 0.67 points, or 2.23%, and closed at 30.65 on Friday, July 06, 2018. It was the best weekly gain since April 13, 2018. Weekly volume was 22% 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 35.87 on January 24, 2018. EWG gained -13.36 points, or -59.35%, in 82 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (33.85) 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 EWG medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 35.87 and reached 29.32 on June 28, 2018. EWG lost 6.55 points, or 18.26%, in 22 weeks. The price is now at the 20.31% retracement level.

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

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 June 28, 2018 at 29.32 and reached 30.70 on July 6, 2018. EWG gained -1.38 points, or -4.71%, in 8 days. Price is near the trend high.

Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 link to access Lane's Stochastic help.

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

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.

The distance between the Bollinger Bands is 163.84% higher then one year average. It indicates the period of high volatility of the stock price. 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) 31.84
Williams' Percentage Range (W%R) 64.40
Lane's Stochastic (%D-Slow) 59.07
Greed/Fear Indicator (GFI) 42.15
Moving Average Converg./Diverg. (MACD) -0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.79
Williams' Percentage Range (W%R) 70.70
Lane's Stochastic (%D-Slow) 30.74
Greed/Fear Indicator (GFI) 34.47
Moving Average Converg./Diverg. (MACD) -0.09 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Support 33.85
Upper Bollinger Band 32.95
50 Day Moving Average 31.91
20 Day Moving Average 30.95
Price 30.65
Weekly Stochastic Crossing 30.39
Daily Stochastic Crossing 30.19
Parabolic System 29.35
Lower Bollinger Band 28.64
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 29.32
Low Date 06/28/2018
High 30.70
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.41
High Date 04/18/2018
Low 29.32
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.52
High Date 02/16/2018
Low 29.32
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.87
High Date 01/24/2018
Low 29.32
Low Date 06/28/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 36.92
Support 33.85
Low 22.51
Low Date 06/27/2016
High 35.87
High Date 01/24/2018
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.

Copyright© 2004-2016 All rights reserved.