The Greedy Trader Weekly Analysis
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- 11/25/2022 -
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iShares MSCI Australia Index (EWA)

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergenceTrend resistance at 23.26
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It was a first positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA gained 0.51 points, or 2.24%, and closed at 23.27 on Friday, November 25, 2022. Weekly volume was -46% below average.

Long-term trend: [See EWA long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 12.73 and reached 27.43 on June 8, 2021. EWA gained -14.70 points, or -115.48%, in 63 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (26.41) 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 long-term trend.

Medium-term trend: [See EWA medium-term trend chart]
A medium-term downtrend had started on April 5, 2022 at 27.16 and reached 19.19 on October 13, 2022. EWA lost 7.97 points, or 29.34%, in 27 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (18.67) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWA may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 above its signal line since November 4, 2022. Use the following link to access a MACD help.

Short-term trend: [See EWA short-term trend chart]
A short-term uptrend had started on October 13, 2022 at 19.19 and reached 23.30 on November 25, 2022. EWA gained -4.11 points, or -21.42%, in 43 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (23.26). 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 short-term trend.

Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily 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 daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 14, 2022. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.15
Williams' Percentage Range (W%R) 3.80
Strong Overbought
Lane's Stochastic (%D-Slow) 88.24
Overbought
Greed/Fear Indicator (GFI) 85.53
Overbought
Moving Average Converg./Diverg. (MACD) 0.54 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.73
Williams' Percentage Range (W%R) 2.90
Strong Overbought
Lane's Stochastic (%D-Slow) 66.39
Greed/Fear Indicator (GFI) 72.41
Moving Average Converg./Diverg. (MACD) -0.77
Trading Signals
Description Value Chart
Yearly Trendline Resistance 26.95
Yearly Trendline Support 26.41
Upper Bollinger Band 24.01
Price 23.27
Weekly Trendline Resistance 23.26
Daily Stochastic Crossing 23.19
Weekly Trendline Support 22.70
Parabolic System 22.64
Weekly Stochastic Crossing 22.24
20 Day Moving Average 21.96
50 Day Moving Average 20.95
Lower Bollinger Band 20.19
Monthly Trendline Resistance 20.08
Monthly Trendline Support 18.67
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 23.18
Low Date 11/23/2022
High 23.30
High Date 11/25/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 23.26
Support 22.70
Low 19.19
Low Date 10/13/2022
High 23.30
High Date 11/25/2022
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 20.08
Support 18.67
High 27.16
High Date 04/05/2022
Low 19.19
Low Date 10/13/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.43
High Date 06/08/2021
Low 19.19
Low Date 10/13/2022
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 26.95
Support 26.41
Low 12.73
Low Date 03/23/2020
High 27.43
High Date 06/08/2021
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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