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Indices ETFs Technical AnalysisArchive
- 3/17/2023 -
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iShares MSCI Pacific ex-Japan (EPP) |
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP gave back -0.32 points, or -0.75%, and closed at 42.08 on Friday, March 17, 2023. Weekly volume was 22% above average.
 Long-term trend: [See EPP long-term trend chart]
A long-term downtrend had started on June 4, 2021 at 53.97 and reached 36.63 on October 13, 2022. EPP lost 17.34 points, or 32.13%, in 70 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 32.00 and resistance is at 46.71. 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 long-term trend.
 Medium-term trend: [See EPP medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 36.63 and reached 47.60 on February 1, 2023. EPP gained -10.97 points, or -29.95%, in 15 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (48.27) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See EPP 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 EPP short-term trend chart]
A short-term downtrend had started on February 1, 2023 at 47.60 and reached 41.39 on March 15, 2023. EPP lost 6.21 points, or 13.05%, in 42 days. The price is now at the 11.11% retracement level.
Daily Technical Indicators: [See EPP daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish 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 links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since February 2, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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