The Greedy Trader Weekly Analysis
Sign In May 17, 2019
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for downtrend resistance trend trading. Stock trend chart - following long term trend and downtrend resistance.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,downtrend resistance
iShares MSCI Emerg Mkts Index
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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance lineBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM dropped -2.24 points, or -5.07%, and closed at 41.98 on Friday, May 10, 2019. Weekly volume was 25% above 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 (39.14) 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 44.84 on April 17, 2019. EEM gained -6.80 points, or -17.88%, in 16 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (44.40) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EEM may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 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 low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 17, 2019 at 44.84 and reached 41.15 on May 9, 2019. EEM lost 3.69 points, or 8.23%, in 22 days. The chart has formed a Falling Pennant chart pattern.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 22, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.89
Williams' Percentage Range (W%R) 81.00
Oversold
Lane's Stochastic (%D-Slow) 19.59
Oversold
Greed/Fear Indicator (GFI) 21.49
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.31
Williams' Percentage Range (W%R) 44.00
Lane's Stochastic (%D-Slow) 72.79
Greed/Fear Indicator (GFI) 59.52
Moving Average Converg./Diverg. (MACD) 0.28
Trading Signals
Description Value Chart
Weekly Trendline Resistance 45.32
Upper Bollinger Band 44.98
Weekly Trendline Support 44.40
20 Day Moving Average 43.67
Weekly Stochastic Crossing 43.64
50 Day Moving Average 43.35
Parabolic System 43.00
Price 41.98
Daily Stochastic Crossing 41.67
Lower Bollinger Band 41.62
Quarterly Trendline Support 39.14
Quarterly Trendline Resistance 37.16
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
High 44.84
High Date 04/17/2019
Low 41.15
Low Date 05/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 45.32
Support 44.40
Low 38.04
Low Date 12/26/2018
High 44.84
High Date 04/17/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.58
Low Date 10/29/2018
High 44.84
High Date 04/17/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 37.16
Support 39.14
High 52.08
High Date 01/26/2018
Low 37.58
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.22
Low Date 11/20/2008
High 52.08
High Date 01/26/2018
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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