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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- 3/28/2024 -
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WisdomTree Emerging Markets Local Debt Fund (ELD) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal linePrice is near the Fibonacci 23.6% retracement levelPrice is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the pricePrice is close to the 50 Day Moving AverageThe period of low volatility of the stock price
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It was a first positive week for the WisdomTree Emerging Markets Local Debt Fund (ELD). During the week, the ELD climbed 0.05 points, or 0.18%, and closed at 27.38 on Thursday, March 28, 2024. Weekly volume was -70% 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 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 6 weeks. Price is near the Fibonacci 38.2% retracement level.

Weekly Technical Indicators: [See ELD weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 14, 2024 at 28.16 and reached 27.26 on March 26, 2024. ELD lost 0.90 points, or 3.20%, in 12 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern.

Daily Technical Indicators: [See ELD daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since March 21, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (27.47) comes close to the price (27.38). 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.

The distance between the Bollinger Bands is falling, and it was 1.9% on Friday. It is 50.59% lower than one year average. It indicates the period of low volatility of the stock price. 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.

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) 34.48
Williams' Percentage Range (W%R) 82.30
Oversold
Lane's Stochastic (%D-Slow) 9.63
Strong Oversold
Greed/Fear Indicator (GFI) 20.59
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.03
Williams' Percentage Range (W%R) 31.00
Lane's Stochastic (%D-Slow) 51.10
Greed/Fear Indicator (GFI) 55.87
Moving Average Converg./Diverg. (MACD) 0.16
Trading Signals
Description Value Chart
Upper Bollinger Band 27.76
Weekly Stochastic Crossing 27.57
50 Day Moving Average 27.55
20 Day Moving Average 27.54
Parabolic System 27.47
Price 27.38
Daily Stochastic Crossing 27.36
Lower Bollinger Band 27.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
High 28.16
High Date 03/14/2024
Low 27.26
Low Date 03/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.