The Greedy Trader Weekly Analysis
Sign In Mar 24, 2023
Skip Navigation Links
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

iShares MSCI Japan Index (EWJ)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Japan Index (EWJ). During the week, the EWJ dropped -1.07 points, or -1.88%, and closed at 55.71 on Friday, March 17, 2023. Weekly volume was 62% 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 price is now at the 30.48% retracement level.

Medium-term trend: [See EWJ medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 47.64 and reached 59.03 on February 1, 2023. EWJ gained -11.39 points, or -23.91%, in 15 weeks. The price is now at the 29.15% retracement level.

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

The weekly MACD line is above its signal line since November 4, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 9, 2023 at 58.16 and reached 54.56 on March 15, 2023. EWJ lost 3.60 points, or 6.19%, in 6 days. The price is now at the 31.94% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.84
Williams' Percentage Range (W%R) 58.90
Lane's Stochastic (%D-Slow) 24.19
Greed/Fear Indicator (GFI) 37.38
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.82
Williams' Percentage Range (W%R) 28.60
Lane's Stochastic (%D-Slow) 56.13
Greed/Fear Indicator (GFI) 60.15
Moving Average Converg./Diverg. (MACD) 0.44
Trading Signals
Description Value Chart
Upper Bollinger Band 57.88
50 Day Moving Average 56.97
Weekly Stochastic Crossing 56.85
Parabolic System 56.61
20 Day Moving Average 56.40
Price 55.71
Daily Stochastic Crossing 55.46
Lower Bollinger Band 55.14
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 54.56
Low Date 03/15/2023
High 56.14
High Date 03/17/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.16
High Date 03/09/2023
Low 54.56
Low Date 03/15/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.03
High Date 02/01/2023
Low 54.56
Low Date 03/15/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.64
Low Date 10/13/2022
High 59.03
High Date 02/01/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.

Copyright© 2004- All rights reserved.