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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- 3/28/2024 -
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iShares MSCI South Korea Index (EWY) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :
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It was a second consecutive positive week for the iShares MSCI South Korea Index (EWY). During the week, the EWY climbed 0.06 points, or 0.09%, and closed at 67.11 on Thursday, March 28, 2024. Weekly volume was -35% 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 chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (57.40) 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 EWY medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 54.49 and reached 68.20 on March 21, 2024. EWY gained -13.71 points, or -25.16%, in 20 weeks. The price is now at the 7.95% retracement level.

Weekly Technical Indicators: [See EWY 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 February 2, 2024. This is an indication that the medium-term trend is up. 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 March 19, 2024 at 64.74 and reached 68.20 on March 21, 2024. EWY gained -3.46 points, or -5.34%, in 2 days. The price is now at the 31.50% retracement level.

Daily Technical Indicators: [See EWY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since March 27, 2024. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.07
Williams' Percentage Range (W%R) 22.30
Lane's Stochastic (%D-Slow) 73.29
Greed/Fear Indicator (GFI) 69.01
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.97
Williams' Percentage Range (W%R) 8.20
Strong Overbought
Lane's Stochastic (%D-Slow) 87.98
Overbought
Greed/Fear Indicator (GFI) 77.62
Moving Average Converg./Diverg. (MACD) 0.57
Trading Signals
Description Value Chart
Upper Bollinger Band 68.14
Weekly Stochastic Crossing 67.49
Daily Stochastic Crossing 67.33
Price 67.11
20 Day Moving Average 66.35
Parabolic System 65.66
Lower Bollinger Band 64.29
50 Day Moving Average 63.84
Yearly Trendline Resistance 60.35
Yearly Trendline Support 57.40
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.74
Low Date 03/19/2024
High 68.20
High Date 03/21/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.04
Low Date 01/17/2024
High 68.20
High Date 03/21/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.49
Low Date 10/27/2023
High 68.20
High Date 03/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.19
Low Date 10/13/2022
High 68.20
High Date 03/21/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 60.35
Support 57.40
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.