The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 6/7/2024 -
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iShares MSCI Emerg Mkts Index (EEM) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Stochastic signal line moved above oversold areaA Parabolic SAR indicator is below and near the pricePrice is close to the 50 Day Moving Average
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It was a first positive week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM climbed 0.25 points, or 0.60%, and closed at 42.04 on Friday, June 7, 2024. Weekly volume was 14% above average.

Long-term trend: [See EEM long-term trend chart]
A long-term downtrend had started on February 16, 2021 at 58.29 and reached 33.49 on October 24, 2022. EEM lost 24.80 points, or 42.55%, in 87 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (38.19) 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 October 23, 2023 at 36.38 and reached 43.87 on May 17, 2024. EEM gained -7.49 points, or -20.59%, in 29 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 39.83 and resistance is at 42.77. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 February 2, 2024. 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 17, 2024 at 37.48 and reached 43.87 on May 17, 2024. EEM gained -6.39 points, or -17.05%, in 121 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 40.68 and resistance is at 44.87. A Broadening Ascending 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 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 EEM 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.

The daily MACD line is below its signal line since May 23, 2024.

A Parabolic SAR (stop and reversal) indicator (42.44) comes close to the price (42.04). 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.

Price is close to the 50 Day Moving Average. 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) 31.10
Williams' Percentage Range (W%R) 61.40
Lane's Stochastic (%D-Slow) 37.55
Greed/Fear Indicator (GFI) 35.76
Moving Average Converg./Diverg. (MACD) 0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.92
Williams' Percentage Range (W%R) 23.60
Lane's Stochastic (%D-Slow) 81.56
Overbought
Greed/Fear Indicator (GFI) 70.15
Moving Average Converg./Diverg. (MACD) 0.68
Trading Signals
Description Value Chart
Weekly Trendline Resistance 44.87
Upper Bollinger Band 43.61
Weekly Stochastic Crossing 42.93
20 Day Moving Average 42.77
Monthly Trendline Resistance 42.77
Parabolic System 42.44
Price 42.04
Daily Stochastic Crossing 41.84
50 Day Moving Average 41.78
Lower Bollinger Band 41.13
Weekly Trendline Support 40.68
Monthly Trendline Support 39.83
Yearly Trendline Support 38.19
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 43.87
High Date 05/17/2024
Low 41.41
Low Date 06/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 44.87
Support 40.68
Low 37.48
Low Date 01/17/2024
High 43.87
High Date 05/17/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 42.77
Support 39.83
Low 36.38
Low Date 10/23/2023
High 43.87
High Date 05/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.49
Low Date 10/24/2022
High 43.87
High Date 05/17/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 31.50
Support 38.19
High 58.29
High Date 02/16/2021
Low 33.49
Low Date 10/24/2022
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.