The Greedy Trader Weekly Analysis
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Archive
- 5/18/2018
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iShares MSCI Emerg Mkts Index
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARThe price touches the lower Bollinger Band
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It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM dropped -1.31 points, or -2.76%, and closed at 46.07 on Friday, May 18, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was 8% 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 Broadening Ascending Wedge chart pattern. The trend support level is at 43.42 and resistance is at 55.26. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See EEM medium-term trend chart]
A medium-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 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (45.71) 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 medium-term trend.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 9, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See EEM short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 45.60 and reached 47.78 on May 14, 2018. EEM gained -2.18 points, or -4.78%, in 11 days. The price is now at the 78.44% retracement level.

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

The daily MACD line is above its signal line since May 9, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

The price touches the lower Bollinger Band. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.23
Williams' Percentage Range (W%R) 79.40
Lane's Stochastic (%D-Slow) 46.06
Greed/Fear Indicator (GFI) 36.31
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.87
Williams' Percentage Range (W%R) 85.50
Oversold
Lane's Stochastic (%D-Slow) 23.80
Greed/Fear Indicator (GFI) 27.71
Moving Average Converg./Diverg. (MACD) 0.71
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 55.26
Parabolic System 47.83
Upper Bollinger Band 47.77
50 Day Moving Average 47.62
20 Day Moving Average 46.71
Daily Stochastic Crossing 46.61
Weekly Stochastic Crossing 46.20
Price 46.07
Lower Bollinger Band 46.01
Monthly Trendline Support 45.71
Monthly Trendline Resistance 44.67
Quarterly Trendline Support 43.42
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.78
High Date 05/14/2018
Low 45.94
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.60
Low Date 05/03/2018
High 47.78
High Date 05/14/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 44.67
Support 45.71
High 52.08
High Date 01/26/2018
Low 45.03
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 55.26
Support 43.42
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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