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Indices ETFs Technical Analysis - EFAArchive
- 7/19/2024 -
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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 dropped -2.04 points, or -2.50%, and closed at 79.53 on Friday, July 19, 2024. Weekly volume was -14% 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 82.16 on June 6, 2024. EFA gained -16.48 points, or -25.09%, in 31 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (81.21) 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 long-term trend.
 Medium-term trend: [See EFA medium-term trend chart]
A medium-term downtrend had started on June 6, 2024 at 82.16 and reached 77.36 on June 14, 2024. EFA lost 4.80 points, or 5.84%, in 1 weeks. The price is now at the 45.21% retracement level.
 Weekly Technical Indicators: [See EFA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since June 7, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See EFA short-term trend chart]
A short-term uptrend had started on June 14, 2024 at 77.36 and reached 81.87 on July 12, 2024. EFA gained -4.51 points, or -5.83%, in 28 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 daily MACD line is above its signal line since July 2, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.
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