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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- 5/17/2024 -
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iShares MSCI Emerg Mkts Index (EEM) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index and MACD bearish divergence
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It was a fourth consecutive positive week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gained 1.29 points, or 3.04%, and closed at 43.79 on Friday, May 17, 2024. Weekly volume was -7% 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 Symmetric Triangle chart pattern. The downtrend resistance line (38.03) 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 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 uptrend resistance line (39.54) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 and Williams' Percentage Range 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 April 19, 2024 at 39.58 and reached 43.87 on May 17, 2024. EEM gained -4.29 points, or -10.84%, in 28 days. The chart has formed a Rising Channel chart pattern.

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

The daily MACD line is above its signal line since April 25, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.76
Bearish
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 96.31
Strong Overbought
Greed/Fear Indicator (GFI) 89.74
Overbought
Moving Average Converg./Diverg. (MACD) 0.53 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.59
Williams' Percentage Range (W%R) 3.80
Strong Overbought
Lane's Stochastic (%D-Slow) 68.50
Bearish
Greed/Fear Indicator (GFI) 75.16
Moving Average Converg./Diverg. (MACD) 0.51
Trading Signals
Description Value Chart
Upper Bollinger Band 44.40
Daily Stochastic Crossing 43.82
Price 43.79
Weekly Stochastic Crossing 43.00
Parabolic System 42.90
Monthly Trendline Resistance 42.47
20 Day Moving Average 42.00
50 Day Moving Average 41.33
Lower Bollinger Band 40.10
Monthly Trendline Support 39.54
Yearly Trendline Support 38.03
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 39.58
Low Date 04/19/2024
High 43.87
High Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Broken Resistance
Resistance 42.47
Support 39.54
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 31.95
Support 38.03
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.