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Downtrend Broken Resist.Archive - 10/18/2024 - Sign In to see current Signals. |
iShares MSCI EAFE Index (EFA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the iShares MSCI EAFE Index (EFA). During the week, the EFA gave back -0.36 points, or -0.44%, and closed at 81.94 on Friday, October 18, 2024. Weekly volume was -35% below average. Long-term trend: [See EFA long-term trend chart] A long-term uptrend had started on October 13, 2022 at 54.61 and reached 84.56 on September 27, 2024. EFA gained -29.95 points, or -54.84%, in 102 weeks. The price is now at the 8.75% retracement level. Medium-term trend: [See EFA medium-term trend chart] A medium-term uptrend had started on April 19, 2024 at 75.89 and reached 84.56 on September 27, 2024. EFA gained -8.67 points, or -11.42%, in 23 weeks. The price is now at the 30.22% retracement level. Weekly Technical Indicators: [See EFA weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help. The weekly MACD line is above its signal line since September 13, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 September 27, 2024 at 84.56 and reached 81.10 on October 15, 2024. EFA lost 3.46 points, or 4.09%, in 18 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. 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 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. A Parabolic SAR (stop and reversal) indicator (82.04) comes close to the price (81.94). 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. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band. 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.
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