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.
Relative strength index- rsi indicator and overbought oversold index.
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RSI divergence - Bullish Bearish.
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iShares MSCI Pacific ex-Japan (EPP)

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBroken trend support line - Downtrend exhaustionWilliams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP dropped -1.03 points, or -2.37%, and closed at 42.34 on Friday, May 26, 2023. It was the worst weekly loss since March 10, 2023. Weekly volume was -51% 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 Broadening Descending Wedge chart pattern. The trend support level is at 29.86 and resistance is at 46.32. 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 Symmetric Triangle chart pattern. The uptrend support line (43.72) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EPP may retest the broken support line. It is considered to be a resistance line now. 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 10, 2023. 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 downtrend had started on April 13, 2023 at 45.02 and reached 41.58 on May 25, 2023. EPP lost 3.44 points, or 7.64%, in 42 days. The chart has formed a Falling Wedge chart pattern. The downtrend support line (43.05) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See EPP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 24, 2023. This is an indication that the short-term trend is down.

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) 31.60
Williams' Percentage Range (W%R) 82.00
Oversold
Lane's Stochastic (%D-Slow) 18.82
Oversold
Greed/Fear Indicator (GFI) 22.79
Moving Average Converg./Diverg. (MACD) -0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.87
Williams' Percentage Range (W%R) 88.40
Oversold
Lane's Stochastic (%D-Slow) 55.23
Greed/Fear Indicator (GFI) 37.48
Moving Average Converg./Diverg. (MACD) 0.26
Trading Signals
Description Value Chart
Yearly Trendline Resistance 46.32
Upper Bollinger Band 44.60
Weekly Trendline Resistance 43.78
Quarterly Trendline Support 43.72
50 Day Moving Average 43.61
20 Day Moving Average 43.40
Quarterly Trendline Resistance 43.39
Weekly Stochastic Crossing 43.37
Weekly Trendline Support 43.05
Parabolic System 42.88
Price 42.34
Lower Bollinger Band 41.87
Daily Stochastic Crossing 41.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.53
High Date 05/08/2023
Low 41.58
Low Date 05/25/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 43.78
Support 43.05
High 45.02
High Date 04/13/2023
Low 41.58
Low Date 05/25/2023
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
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 43.39
Support 43.72
Low 36.63
Low Date 10/13/2022
High 47.60
High Date 02/01/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 46.32
Support 29.86
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.

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