The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
Number of records: 10
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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.

iShares MSCI South Korea Index (EWY)

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Summary:
Weekly :Trend resistance at 63.10
Daily :Lane's Stochastic is overbought
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It was a second consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY gained 1.05 points, or 1.69%, and closed at 63.10 on Friday, May 26, 2023. Weekly volume was -18% below average.

Long-term trend: [See EWY long-term trend chart]
A long-term downtrend had started on January 8, 2021 at 96.29 and reached 47.19 on October 13, 2022. EWY lost 49.10 points, or 50.99%, in 91 weeks. The price is now at the 32.40% retracement level.

Medium-term trend: [See EWY medium-term trend chart]
A medium-term downtrend had started on January 27, 2023 at 65.62 and reached 56.78 on March 15, 2023. EWY lost 8.84 points, or 13.47%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (63.10). 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 medium-term trend.

Weekly Technical Indicators: [See EWY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since October 28, 2022. 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 EWY short-term trend chart]
A short-term uptrend had started on May 12, 2023 at 59.14 and reached 63.20 on May 22, 2023. EWY gained -4.06 points, or -6.87%, in 10 days. Price is near the trend high.

Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since May 18, 2023. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.03
Williams' Percentage Range (W%R) 21.70
Lane's Stochastic (%D-Slow) 84.35
Overbought
Greed/Fear Indicator (GFI) 73.57
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.45
Williams' Percentage Range (W%R) 36.90
Lane's Stochastic (%D-Slow) 55.57
Greed/Fear Indicator (GFI) 57.82
Moving Average Converg./Diverg. (MACD) 0.48
Trading Signals
Description Value Chart
Upper Bollinger Band 63.64
Price 63.10
Monthly Trendline Resistance 63.10
Daily Stochastic Crossing 62.64
Weekly Stochastic Crossing 61.95
20 Day Moving Average 61.13
50 Day Moving Average 60.96
Parabolic System 60.57
Monthly Trendline Support 59.72
Lower Bollinger Band 59.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 59.14
Low Date 05/12/2023
High 63.20
High Date 05/22/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.78
Low Date 03/15/2023
High 64.04
High Date 04/13/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 63.10
Support 59.72
High 65.62
High Date 01/27/2023
Low 56.78
Low Date 03/15/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.19
Low Date 10/13/2022
High 65.62
High Date 01/27/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.29
High Date 01/08/2021
Low 47.19
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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