Indices ETFs Technical AnalysisArchive
- 11/25/2022 -
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iShares MSCI Emerg Mkts Index (EEM)
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|It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gave back -0.26 points, or -0.68%, and closed at 37.77 on Friday, November 25, 2022. Weekly volume was -31% below 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 Falling Channel chart pattern. The trend support level is at 34.65 and resistance is at 42.62. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
Medium-term trend: [See EEM medium-term trend chart]
A medium-term uptrend had started on October 24, 2022 at 33.49 and reached 39.16 on November 15, 2022. EEM gained -5.67 points, or -16.93%, in 3 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (37.93) 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 November 4, 2022. 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 downtrend had started on November 15, 2022 at 39.16 and reached 37.35 on November 21, 2022. EEM lost 1.81 points, or 4.62%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 17, 2022. The distance between MACD and the signal line is low and getting smaller.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.