iShares MSCI Emerg Mkts Index
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|It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM dropped -0.59 points, or -1.38%, and closed at 42.17 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was -12% below average. |
Long-term trend: [See EEM long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 52.08 and reached 37.58 on October 29, 2018. EEM lost 14.50 points, or 27.84%, in 39 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (38.39) 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 long-term trend.
Medium-term trend: [See EEM medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 38.04 and reached 43.46 on February 5, 2019. EEM gained -5.42 points, or -14.25%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (42.90) 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 medium-term trend.
Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 4, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
Short-term trend: [See EEM short-term trend chart]
A short-term downtrend had started on February 5, 2019 at 43.46 and reached 41.85 on February 8, 2019. EEM lost 1.61 points, or 3.70%, in 3 days. The price is now at the 19.88% retracement level.
Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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.
The daily MACD line is above its signal line since January 3, 2019. The distance between MACD and the signal line is low and getting smaller.
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.