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.

WisdomTree Emerging Markets Local Debt Fund (ELD)

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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :Lane's Stochastic is oversoldPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

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 -0.63%, and closed at 26.70 on Friday, May 26, 2023. It was the worst weekly loss since March 17, 2023. Weekly volume was -70% below average.

Long-term trend: [See ELD long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 30.34 and reached 23.79 on October 31, 2022. ELD lost 6.55 points, or 21.59%, in 37 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (27.20) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 ELD medium-term trend chart]
A medium-term uptrend had started on October 31, 2022 at 23.79 and reached 27.98 on February 2, 2023. ELD gained -4.19 points, or -17.61%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (27.20) 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. ELD 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 ELD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 4, 2022. 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 May 15, 2023 at 27.40 and reached 26.60 on May 26, 2023. ELD lost 0.80 points, or 2.92%, in 11 days. The price is now at the 12.50% retracement level.

Daily Technical Indicators: [See ELD daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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 below its signal line since May 18, 2023. This is an indication that the short-term trend is down.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 35.37
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 18.00
Oversold
Greed/Fear Indicator (GFI) 33.63
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.75
Williams' Percentage Range (W%R) 37.60
Lane's Stochastic (%D-Slow) 66.36
Greed/Fear Indicator (GFI) 61.16
Moving Average Converg./Diverg. (MACD) 0.26
Trading Signals
Description Value Chart
Monthly Trendline Resistance 27.38
Upper Bollinger Band 27.31
Quarterly Trendline Resistance 27.27
Yearly Trendline Resistance 27.27
Yearly Trendline Support 27.20
Quarterly Trendline Support 27.20
Parabolic System 27.19
Weekly Stochastic Crossing 27.17
20 Day Moving Average 27.01
Monthly Trendline Support 26.98
50 Day Moving Average 26.94
Price 26.70
Daily Stochastic Crossing 26.69
Lower Bollinger Band 26.60
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.40
High Date 05/15/2023
Low 26.60
Low Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.40
High Date 05/15/2023
Low 26.60
Low Date 05/26/2023
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 27.38
Support 26.98
Low 25.90
Low Date 02/27/2023
High 27.46
High Date 04/13/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 27.27
Support 27.20
Low 23.79
Low Date 10/31/2022
High 27.98
High Date 02/02/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 27.27
Support 27.20
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.

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