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Indices ETFs Technical Analysis - EPPArchive - 7/19/2024 - Sign In to see current Signals. |
iShares MSCI Pacific ex-Japan (EPP) Technical Analysis
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| Summary:
| | Weekly :![MACD bearish divergence](images\bearish.gif) ![Broken trend resistance line](images\bullish.gif) | | Daily :![Stochastic has declined below the signal line](images\bearish.gif) ![The price has fallen below the Parabolic SAR](images\bearish.gif) ![The price has declined below the moving average in the center of the Bollinger Bands](images\alert_signals.gif) ![Price is close to the 50 Day Moving Average](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was the negative week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP dropped -1.27 points, or -2.81%, and closed at 43.87 on Friday, July 19, 2024. Weekly volume was -8% 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 downtrend resistance line (39.03) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
Medium-term trend: [See EPP medium-term trend chart] A medium-term uptrend had started on June 14, 2024 at 42.39 and reached 45.40 on July 12, 2024. EPP gained -3.01 points, or -7.10%, in 4 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 43.34 and resistance is at 46.16. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See EPP weekly technical indicators chart] Weekly technical indicators are neutral. 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. The weekly MACD line is above its signal line since July 5, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See EPP short-term trend chart] A short-term uptrend had started on June 26, 2024 at 42.68 and reached 45.40 on July 12, 2024. EPP gained -2.72 points, or -6.37%, in 16 days. The price is now at the 56.25% retracement level.
Daily Technical Indicators: [See EPP daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since July 2, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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. Price is close to the 50 Day Moving Average. 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.
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