The Greedy Trader Weekly Analysis
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- 3/17/2023 -
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iShares MSCI Pacific ex-Japan (EPP)

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Summary:
Weekly :Broken trend support lineWeekly  MACD line has moved below its signal line
Daily :Relative Strength Index, Lane's Stochastic and MACD bullish divergence
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.46
Bullish
Williams' Percentage Range (W%R) 72.90
Lane's Stochastic (%D-Slow) 23.00
Bullish
Greed/Fear Indicator (GFI) 29.17
Moving Average Converg./Diverg. (MACD) -0.64 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.04
Williams' Percentage Range (W%R) 49.60
Lane's Stochastic (%D-Slow) 31.67
Greed/Fear Indicator (GFI) 43.72
Moving Average Converg./Diverg. (MACD) 0.52
Trading Signals
Description Value Chart
Monthly Trendline Resistance 50.22
Monthly Trendline Support 48.27
Quarterly Trendline Resistance 46.71
Upper Bollinger Band 45.13
50 Day Moving Average 44.91
20 Day Moving Average 43.41
Parabolic System 43.34
Weekly Stochastic Crossing 42.86
Price 42.08
Daily Stochastic Crossing 42.06
Lower Bollinger Band 41.76
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.49
High Date 03/03/2023
Low 41.39
Low Date 03/15/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.60
High Date 02/01/2023
Low 41.39
Low Date 03/15/2023
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 50.22
Support 48.27
Low 36.63
Low Date 10/13/2022
High 47.60
High Date 02/01/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 46.71
Support 32.00
High 53.97
High Date 06/04/2021
Low 36.63
Low Date 10/13/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.86
Low Date 03/23/2020
High 53.97
High Date 06/04/2021
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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