The Greedy Trader Weekly Analysis
Sign In Oct 13, 2017
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
Uptrend Exhaustion
Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
iShares MSCI Canada Index
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was a eighth consecutive positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC climbed 0.01 points, or 0.03%, and closed at 28.95 on Friday, October 06, 2017. Weekly volume was -17% below average.

Long-term trend: [See EWC long-term trend chart]
A long-term downtrend had started on April 6, 2011 at 34.57 and reached 18.07 on January 20, 2016. EWC lost 16.50 points, or 47.73%, in 250 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 15.90 and resistance is at 31.78. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term uptrend had started on May 18, 2017 at 25.58 and reached 29.16 on October 4, 2017. EWC gained -3.58 points, or -14.00%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 28.09 and resistance is at 30.01. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 7, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend 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 uptrend had started on August 11, 2017 at 27.12 and reached 29.16 on October 4, 2017. EWC gained -2.04 points, or -7.52%, in 54 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 27.93 and resistance is at 29.23. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See EWC 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.

The daily MACD line is below its signal line since October 4, 2017. The distance between MACD and the signal line is low, but getting bigger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.14
Williams' Percentage Range (W%R) 22.90
Lane's Stochastic (%D-Slow) 77.83
Greed/Fear Indicator (GFI) 77.03
Moving Average Converg./Diverg. (MACD) 0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.17
Overbought
Williams' Percentage Range (W%R) 5.30
Strong Overbought
Lane's Stochastic (%D-Slow) 93.73
Strong Overbought
Greed/Fear Indicator (GFI) 83.77
Overbought
Moving Average Converg./Diverg. (MACD) 0.42
Trading Signals
Description Value Chart
Yearly Trendline Resistance 31.78
Monthly Trendline Resistance 30.01
Weekly Trendline Resistance 29.23
Parabolic System 29.19
Upper Bollinger Band 29.11
Daily Stochastic Crossing 29.07
Weekly Stochastic Crossing 29.04
Price 28.95
20 Day Moving Average 28.78
Lower Bollinger Band 28.31
50 Day Moving Average 28.11
Monthly Trendline Support 28.09
Weekly Trendline Support 27.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.16
High Date 10/04/2017
Low 28.85
Low Date 10/06/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 29.23
Support 27.93
Low 27.12
Low Date 08/11/2017
High 29.16
High Date 10/04/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 30.01
Support 28.09
Low 25.58
Low Date 05/18/2017
High 29.16
High Date 10/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.07
Low Date 01/20/2016
High 29.16
High Date 10/04/2017
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 31.78
Support 15.90
High 34.57
High Date 04/06/2011
Low 18.07
Low Date 01/20/2016
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.