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Advanced TA SearchArchive
- 4/19/2024 -
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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 -1.12 points, or -1.45%, and closed at 76.12 on Friday, April 19, 2024. Weekly volume was 21% above average.
 Long-term trend: [See EFA long-term trend chart]
A long-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 Symmetric Triangle chart pattern. The downtrend resistance line (70.73) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See EFA medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 65.68 and reached 80.06 on March 27, 2024. EFA gained -14.38 points, or -21.89%, in 21 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (80.89) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EFA may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 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 November 17, 2023. 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 April 9, 2024 at 79.80 and reached 75.89 on April 19, 2024. EFA lost 3.91 points, or 4.90%, in 10 days. The price is now at the 5.88% retracement level.
 Daily Technical Indicators: [See EFA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 15, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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