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- 12/1/2017
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iShares MSCI Emerg Mkts Index
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Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergence
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM dropped -1.87 points, or -3.92%, and closed at 45.84 on Friday, December 01, 2017. Weekly volume was 52% above average.

Long-term trend: [See EEM long-term trend chart]
A long-term uptrend had started on December 22, 2016 at 33.94 and reached 47.93 on November 22, 2017. EEM gained -13.99 points, or -41.22%, in 47 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (46.24) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See EEM medium-term trend chart]
A medium-term uptrend had started on October 25, 2017 at 45.43 and reached 47.93 on November 22, 2017. EEM gained -2.50 points, or -5.50%, in 4 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 45.46 and resistance is at 48.46. A Broadening Ascending 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 weekly MACD line is below its signal line since November 3, 2017. 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 EEM short-term trend chart]
A short-term downtrend had started on November 22, 2017 at 47.93 and reached 45.62 on December 1, 2017. EEM lost 2.31 points, or 4.82%, in 9 days. The price is now at the 9.52% retracement level.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

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 price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price 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) 45.90
Williams' Percentage Range (W%R) 78.60
Lane's Stochastic (%D-Slow) 34.01
Greed/Fear Indicator (GFI) 33.76
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.80
Williams' Percentage Range (W%R) 37.30
Lane's Stochastic (%D-Slow) 80.44
Overbought Bearish
Greed/Fear Indicator (GFI) 65.02
Moving Average Converg./Diverg. (MACD) 1.56
Trading Signals
Description Value Chart
Monthly Trendline Resistance 48.72
Weekly Trendline Resistance 48.46
Upper Bollinger Band 47.84
Parabolic System 47.76
Weekly Stochastic Crossing 47.42
20 Day Moving Average 46.68
Daily Stochastic Crossing 46.24
Monthly Trendline Support 46.24
50 Day Moving Average 46.12
Price 45.84
Weekly Trendline Support 45.46
Lower Bollinger Band 45.39
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.93
High Date 11/22/2017
Low 45.62
Low Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 48.46
Support 45.46
Low 45.43
Low Date 10/25/2017
High 47.93
High Date 11/22/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 48.72
Support 46.24
Low 33.94
Low Date 12/22/2016
High 47.93
High Date 11/22/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.61
Low Date 01/20/2016
High 47.93
High Date 11/22/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.22
Low Date 11/20/2008
High 50.43
High Date 05/02/2011
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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