The Greedy Trader Weekly Analysis
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Archive
- 2/9/2018
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iShares MSCI Emerg Mkts Index
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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageBullish Harami CandlestickThe Bollinger Bands are historically far apart
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It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM dropped -2.62 points, or -5.34%, and closed at 46.43 on Friday, February 09, 2018. Weekly volume was 215% above average.

Long-term trend: [See EEM long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 27.61 and reached 52.08 on January 26, 2018. EEM gained -24.47 points, or -88.63%, in 105 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 42.08 and resistance is at 47.36. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See EEM medium-term trend chart]
A medium-term uptrend had started on December 22, 2016 at 33.94 and reached 52.08 on January 26, 2018. EEM gained -18.14 points, or -53.45%, in 57 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (48.45) 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. EEM 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 EEM weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 above its signal line since January 5, 2018. 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 EEM short-term trend chart]
A short-term downtrend had started on January 26, 2018 at 52.08 and reached 45.03 on February 9, 2018. EEM lost 7.05 points, or 13.54%, in 14 days. The price is now at the 19.86% retracement level.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since January 31, 2018. 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.

The distance between the Bollinger Bands (14.9%) is close to one year high (11.18%). It is 183.36% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Candlestick pattern: [See EEM candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.80
Williams' Percentage Range (W%R) 81.80
Oversold
Lane's Stochastic (%D-Slow) 12.15
Oversold
Greed/Fear Indicator (GFI) 21.04
Moving Average Converg./Diverg. (MACD) 0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.30
Williams' Percentage Range (W%R) 72.20
Lane's Stochastic (%D-Slow) 79.45
Greed/Fear Indicator (GFI) 52.55
Moving Average Converg./Diverg. (MACD) 1.56
Trading Signals
Description Value Chart
Upper Bollinger Band 52.26
Monthly Trendline Resistance 51.28
Weekly Stochastic Crossing 50.35
20 Day Moving Average 49.69
Parabolic System 49.01
Monthly Trendline Support 48.45
50 Day Moving Average 47.99
Quarterly Trendline Resistance 47.36
Price 46.43
Daily Stochastic Crossing 45.99
Lower Bollinger Band 45.36
Quarterly Trendline Support 42.08
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.08
High Date 01/26/2018
Low 45.03
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.08
High Date 01/26/2018
Low 45.03
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 51.28
Support 48.45
Low 33.94
Low Date 12/22/2016
High 52.08
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 47.36
Support 42.08
Low 27.61
Low Date 01/20/2016
High 52.08
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.22
Low Date 11/20/2008
High 52.08
High Date 01/26/2018
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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