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Archive
- 11/8/2024 -
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iShares MSCI EAFE Index (EFA) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was the negative week for the iShares MSCI EAFE Index (EFA). During the week, the EFA gave back -0.22 points, or -0.28%, and closed at 79.16 on Friday, November 8, 2024. Weekly volume was -19% below average.
 Long-term trend: [See EFA long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 65.68 and reached 84.56 on September 27, 2024. EFA gained -18.88 points, or -28.75%, in 48 weeks. The price is now at the 28.60% retracement level.
 Medium-term trend: [See EFA medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 84.56 and reached 78.42 on November 6, 2024. EFA lost 6.14 points, or 7.26%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 77.10 and resistance is at 79.98. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See EFA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 18, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See EFA short-term trend chart]
A short-term downtrend had started on November 7, 2024 at 80.34 and reached 78.78 on November 8, 2024. EFA lost 1.56 points, or 1.94%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since October 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
80.34 |
| High Date |
11/07/2024 |
| Low |
78.78 |
| Low Date |
11/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
79.98 |
| Support |
77.10 |
| High |
84.56 |
| High Date |
09/27/2024 |
| Low |
78.42 |
| Low Date |
11/06/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
65.68 |
| Low Date |
10/27/2023 |
| High |
84.56 |
| High Date |
09/27/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
54.61 |
| Low Date |
10/13/2022 |
| High |
84.56 |
| High Date |
09/27/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
45.73 |
| Low Date |
03/18/2020 |
| High |
84.56 |
| High Date |
09/27/2024 |
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