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Indices ETFs Technical Analysis - EPP

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- 3/28/2024 -
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iShares MSCI Pacific ex-Japan (EPP) Technical Analysis

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Summary:
Weekly :Trend resistance at 43.18
Daily :A Parabolic SAR indicator is above and near the priceThe price moved above the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was a first positive week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP climbed 0.30 points, or 0.71%, and closed at 42.81 on Thursday, March 28, 2024. Weekly volume was -33% below 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 Symmetric Triangle chart pattern. The price is near the trend resistance line (43.18). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See EPP medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 38.05 and reached 43.80 on December 28, 2023. EPP gained -5.75 points, or -15.11%, in 8 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 42.23 and resistance is at 43.74. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. 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 March 8, 2024 at 43.75 and reached 42.23 on March 19, 2024. EPP lost 1.52 points, or 3.47%, in 11 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 42.88 and resistance is at 42.75. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.

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

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 low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (42.45) comes close to the price (42.81). 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 moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.36%) is close to one year low (3.32%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.01
Williams' Percentage Range (W%R) 56.30
Lane's Stochastic (%D-Slow) 45.65
Greed/Fear Indicator (GFI) 43.78
Moving Average Converg./Diverg. (MACD) 0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.90
Williams' Percentage Range (W%R) 22.10
Lane's Stochastic (%D-Slow) 70.21
Greed/Fear Indicator (GFI) 65.92
Moving Average Converg./Diverg. (MACD) 0.19
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 43.74
Upper Bollinger Band 43.38
Yearly Trendline Resistance 43.18
Weekly Stochastic Crossing 42.91
Weekly Trendline Support 42.88
Price 42.81
20 Day Moving Average 42.80
Weekly Trendline Resistance 42.75
Daily Stochastic Crossing 42.69
Parabolic System 42.45
Quarterly Trendline Support 42.23
50 Day Moving Average 42.19
Lower Bollinger Band 41.95
Yearly Trendline Support 38.62
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.23
Low Date 03/19/2024
High 43.11
High Date 03/21/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 42.75
Support 42.88
High 43.75
High Date 03/08/2024
Low 42.23
Low Date 03/19/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.22
Low Date 01/17/2024
High 43.75
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 43.74
Support 42.23
Low 38.05
Low Date 10/27/2023
High 43.80
High Date 12/28/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 43.18
Support 38.62
High 53.97
High Date 06/04/2021
Low 36.63
Low Date 10/13/2022
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.