The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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iShares MSCI Japan Index (EWJ) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ dropped -2.56 points, or -3.71%, and closed at 66.49 on Friday, April 19, 2024. Weekly volume was 18% above average.

Long-term trend: [See EWJ long-term trend chart]
A long-term downtrend had started on September 15, 2021 at 74.12 and reached 47.64 on October 13, 2022. EWJ lost 26.48 points, or 35.73%, in 56 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (61.61) 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 EWJ medium-term trend chart]
A medium-term uptrend had started on October 26, 2023 at 57.20 and reached 72.07 on March 22, 2024. EWJ gained -14.87 points, or -26.00%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (71.75) 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. EWJ 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 EWJ 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 EWJ short-term trend chart]
A short-term downtrend had started on March 22, 2024 at 72.07 and reached 66.35 on April 19, 2024. EWJ lost 5.72 points, or 7.94%, in 28 days. Price is near the trend low.

Daily Technical Indicators: [See EWJ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is below its signal line since March 25, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.03
Williams' Percentage Range (W%R) 93.50
Strong Oversold
Lane's Stochastic (%D-Slow) 4.43
Strong Oversold
Greed/Fear Indicator (GFI) 11.98
Oversold
Moving Average Converg./Diverg. (MACD) -0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.19
Williams' Percentage Range (W%R) 52.80
Lane's Stochastic (%D-Slow) 65.17
Greed/Fear Indicator (GFI) 54.31
Moving Average Converg./Diverg. (MACD) 2.17
Trading Signals
Description Value Chart
Monthly Trendline Resistance 75.18
Upper Bollinger Band 72.10
Monthly Trendline Support 71.75
Weekly Stochastic Crossing 69.76
20 Day Moving Average 69.67
50 Day Moving Average 69.38
Parabolic System 68.60
Daily Stochastic Crossing 66.51
Price 66.49
Lower Bollinger Band 65.97
Yearly Trendline Support 61.61
Yearly Trendline Resistance 59.25
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 70.11
High Date 04/11/2024
Low 66.35
Low Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.07
High Date 03/22/2024
Low 66.35
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 75.18
Support 71.75
Low 57.20
Low Date 10/26/2023
High 72.07
High Date 03/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.64
Low Date 10/13/2022
High 72.07
High Date 03/22/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 59.25
Support 61.61
High 74.12
High Date 09/15/2021
Low 47.64
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.