The Greedy Trader Weekly Analysis
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- 11/25/2022 -
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iShares MSCI EAFE Index (EFA)

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtTrend support at 110.02Broken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
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It was a first positive week for the iShares MSCI EAFE Index (EFA). During the week, the EFA gained 1.47 points, or 2.26%, and closed at 66.62 on Friday, November 25, 2022. Weekly volume was -49% below average.

Long-term trend: [See EFA long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 45.73 and reached 82.29 on September 7, 2021. EFA gained -36.56 points, or -79.95%, in 76 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (110.02) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See EFA medium-term trend chart]
A medium-term downtrend had started on September 7, 2021 at 82.29 and reached 54.61 on October 13, 2022. EFA lost 27.68 points, or 33.64%, in 57 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (51.09) 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. EFA 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 medium-term trend.

Weekly Technical Indicators: [See EFA 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. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 28, 2022. The distance between MACD and the signal line is near its high and getting bigger. 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 November 17, 2022 at 64.20 and reached 66.75 on November 25, 2022. EFA gained -2.55 points, or -3.97%, in 8 days. The price is now at the 5.10% retracement level.

Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 3, 2022. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.47
Williams' Percentage Range (W%R) 4.50
Strong Overbought
Lane's Stochastic (%D-Slow) 87.66
Overbought Bearish
Greed/Fear Indicator (GFI) 87.21
Overbought
Moving Average Converg./Diverg. (MACD) 1.63 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.79
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 72.00
Greed/Fear Indicator (GFI) 74.66
Moving Average Converg./Diverg. (MACD) -2.73
Trading Signals
Description Value Chart
Upper Bollinger Band 68.74
Yearly Trendline Resistance 67.51
Price 66.62
Daily Stochastic Crossing 66.45
Parabolic System 64.94
Weekly Stochastic Crossing 64.24
20 Day Moving Average 62.92
Quarterly Trendline Resistance 61.94
50 Day Moving Average 59.76
Lower Bollinger Band 57.82
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.20
Low Date 11/17/2022
High 66.75
High Date 11/25/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.61
Low Date 10/13/2022
High 66.75
High Date 11/25/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.05
High Date 09/14/2021
Low 54.61
Low Date 10/13/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 61.94
Support 51.09
High 82.29
High Date 09/07/2021
Low 54.61
Low Date 10/13/2022
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Support
Resistance 67.51
Support 110.02
Low 45.73
Low Date 03/18/2020
High 82.29
High Date 09/07/2021
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.

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