The Greedy Trader Weekly Analysis
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- 11/25/2022 -
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iShares MSCI Germany Index (EWG)

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic and MACD bearish divergence
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It was a eighth positive week after 3 consecutive negative weeks for the iShares MSCI Germany Index (EWG). During the week, the EWG gained 0.33 points, or 1.32%, and closed at 25.26 on Friday, November 25, 2022. Weekly volume was -56% below average.

Long-term trend: [See EWG long-term trend chart]
A long-term downtrend had started on June 7, 2021 at 36.49 and reached 19.35 on September 27, 2022. EWG lost 17.14 points, or 46.97%, in 68 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 17.02 and resistance is at 30.06. 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 EWG medium-term trend chart]
A medium-term uptrend had started on September 27, 2022 at 19.35 and reached 25.32 on November 25, 2022. EWG gained -5.97 points, or -30.85%, in 8 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EWG weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 14, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See EWG short-term trend chart]
A short-term uptrend had started on November 17, 2022 at 24.47 and reached 25.32 on November 25, 2022. EWG gained -0.85 points, or -3.47%, in 8 days. The price is now at the 7.06% retracement level.

Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and 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 Relative Strength Index help.

The daily MACD line is above its signal line since October 3, 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) 83.60
Overbought
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 91.03
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 90.14
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.89 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.40
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 81.21
Overbought
Greed/Fear Indicator (GFI) 78.66
Moving Average Converg./Diverg. (MACD) -1.51
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 30.06
Upper Bollinger Band 26.56
Price 25.26
Daily Stochastic Crossing 25.22
Parabolic System 24.60
Weekly Stochastic Crossing 24.48
20 Day Moving Average 23.58
50 Day Moving Average 21.84
Lower Bollinger Band 20.95
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 24.47
Low Date 11/17/2022
High 25.32
High Date 11/25/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.05
Low Date 11/03/2022
High 25.32
High Date 11/25/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.35
Low Date 09/27/2022
High 25.32
High Date 11/25/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 30.06
Support 17.02
High 36.49
High Date 06/07/2021
Low 19.35
Low Date 09/27/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.50
Low Date 03/18/2020
High 36.49
High Date 06/07/2021
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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