The Greedy Trader Weekly Analysis
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Number of records: 10
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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 :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was a sixth positive week after 3 consecutive negative weeks for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gained 0.57 points, or 1.35%, and closed at 42.76 on Friday, February 1, 2019. Weekly volume was 17% 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 (38.33) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EEM may retest the broken resistance line. It is considered to be a support 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 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 43.14 on January 31, 2019. EEM gained -5.10 points, or -13.41%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 42.16 and resistance is at 43.19. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range 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. Use the following link to access a MACD help.

Short-term trend: [See EEM short-term trend chart]
A short-term uptrend had started on January 22, 2019 at 40.65 and reached 43.14 on January 31, 2019. EEM gained -2.49 points, or -6.13%, in 9 days. The price is now at the 15.26% retracement level.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily 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 Lane's Stochastic help.

The daily MACD line is above its signal line since January 3, 2019. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (42.37) comes close to the price (42.76). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.65
Williams' Percentage Range (W%R) 8.50
Strong Overbought
Lane's Stochastic (%D-Slow) 83.77
Overbought Bearish
Greed/Fear Indicator (GFI) 80.96
Overbought
Moving Average Converg./Diverg. (MACD) 0.56 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.03
Williams' Percentage Range (W%R) 12.30
Overbought
Lane's Stochastic (%D-Slow) 65.53
Greed/Fear Indicator (GFI) 68.91
Moving Average Converg./Diverg. (MACD) -1.16
Trading Signals
Description Value Chart
Upper Bollinger Band 43.26
Monthly Trendline Resistance 43.19
Daily Stochastic Crossing 42.86
Price 42.76
Parabolic System 42.37
Monthly Trendline Support 42.16
Weekly Stochastic Crossing 41.84
20 Day Moving Average 41.25
50 Day Moving Average 40.37
Quarterly Trendline Resistance 40.30
Lower Bollinger Band 39.47
Quarterly Trendline Support 38.33
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 40.65
Low Date 01/22/2019
High 43.14
High Date 01/31/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.65
Low Date 01/22/2019
High 43.14
High Date 01/31/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 43.19
Support 42.16
Low 38.04
Low Date 12/26/2018
High 43.14
High Date 01/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 40.30
Support 38.33
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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