The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 50.0% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 3/15/2024 -
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WisdomTree Emerging Markets Local Debt Fund (ELD) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtMACD bearish divergencePrice is near the Fibonacci 23.6% retracement level
Daily :A Parabolic SAR indicator is above and near the pricePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the WisdomTree Emerging Markets Local Debt Fund (ELD). During the week, the ELD gave back -0.17 points, or -0.61%, and closed at 27.57 on Friday, March 15, 2024. Weekly volume was -38% below average.

Long-term trend: [See ELD long-term trend chart]
A long-term uptrend had started on October 31, 2022 at 23.79 and reached 28.59 on July 27, 2023. ELD gained -4.80 points, or -20.18%, in 38 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See ELD medium-term trend chart]
A medium-term uptrend had started on October 31, 2023 at 25.01 and reached 28.18 on December 28, 2023. ELD gained -3.17 points, or -12.67%, in 8 weeks. The price is now at the 19.24% retracement level.

Weekly Technical Indicators: [See ELD weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 24, 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 ELD short-term trend chart]
A short-term downtrend had started on December 28, 2023 at 28.18 and reached 26.84 on February 13, 2024. ELD lost 1.34 points, or 4.76%, in 47 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 26.54 and resistance is at 27.81. 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 short-term trend.

Daily Technical Indicators: [See ELD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 4, 2024. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (27.35) comes close to the price (27.57). 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.31
Williams' Percentage Range (W%R) 52.00
Lane's Stochastic (%D-Slow) 59.11
Greed/Fear Indicator (GFI) 56.49
Moving Average Converg./Diverg. (MACD) 0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.58
Williams' Percentage Range (W%R) 17.30
Overbought
Lane's Stochastic (%D-Slow) 54.96
Greed/Fear Indicator (GFI) 62.45
Moving Average Converg./Diverg. (MACD) 0.17 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 27.91
Daily Stochastic Crossing 27.88
Weekly Trendline Resistance 27.81
50 Day Moving Average 27.59
Price 27.57
Weekly Stochastic Crossing 27.56
20 Day Moving Average 27.54
Parabolic System 27.35
Lower Bollinger Band 27.25
Weekly Trendline Support 26.54
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 26.84
Low Date 02/13/2024
High 28.16
High Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 27.81
Support 26.54
High 28.18
High Date 12/28/2023
Low 26.84
Low Date 02/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.01
Low Date 10/31/2023
High 28.18
High Date 12/28/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.79
Low Date 10/31/2022
High 28.59
High Date 07/27/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.34
High Date 02/10/2022
Low 23.79
Low Date 10/31/2022
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.