The Greedy Trader Weekly Analysis
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Daily RSI Divergence:Bullish
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 7/5/2024 -
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iShares MSCI Pacific ex-Japan (EPP) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP gained 0.78 points, or 1.81%, and closed at 43.78 on Friday, July 5, 2024. It was the best weekly gain since May 17, 2024. Weekly volume was 28% 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 Symmetric Triangle chart pattern. The downtrend resistance line (38.98) 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 October 27, 2023 at 38.05 and reached 45.29 on May 17, 2024. EPP gained -7.24 points, or -19.03%, in 29 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (44.92) 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.

The weekly MACD line is below its signal line since June 21, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 43.83 on July 5, 2024. EPP gained -1.15 points, or -2.69%, in 9 days. Price is near the trend high.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 62.46
Williams' Percentage Range (W%R) 40.50
Lane's Stochastic (%D-Slow) 61.00
Greed/Fear Indicator (GFI) 61.00
Moving Average Converg./Diverg. (MACD) -0.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.75
Williams' Percentage Range (W%R) 33.30
Lane's Stochastic (%D-Slow) 56.76
Greed/Fear Indicator (GFI) 58.25
Moving Average Converg./Diverg. (MACD) 0.47
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 45.78
Quarterly Trendline Support 44.92
Upper Bollinger Band 44.22
Weekly Stochastic Crossing 43.92
Price 43.78
50 Day Moving Average 43.46
Daily Stochastic Crossing 43.40
20 Day Moving Average 43.24
Parabolic System 42.41
Lower Bollinger Band 42.39
Yearly Trendline Resistance 42.16
Yearly Trendline Support 38.98
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.68
Low Date 06/26/2024
High 43.83
High Date 07/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.68
Low Date 06/26/2024
High 43.83
High Date 07/05/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.29
High Date 05/17/2024
Low 42.39
Low Date 06/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 45.78
Support 44.92
Low 38.05
Low Date 10/27/2023
High 45.29
High Date 05/17/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 42.16
Support 38.98
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.