The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 61.8% 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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- 3/15/2024 -
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iShares MSCI Emerg Mkts Index (EEM) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :Lane's Stochastic is overboughtA Parabolic SAR indicator is above and near the price
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It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gave back -0.05 points, or -0.12%, and closed at 40.77 on Friday, March 15, 2024. EEM was trading at average weekly trading volume.

Long-term trend: [See EEM long-term trend chart]
A long-term downtrend had started on January 26, 2023 at 42.53 and reached 36.38 on October 23, 2023. EEM lost 6.15 points, or 14.46%, in 38 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 35.93 and resistance is at 41.37. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See EEM medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 36.38 and reached 41.38 on March 12, 2024. EEM gained -5.00 points, or -13.74%, in 20 weeks. The price is now at the 12.2% retracement level.

Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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. 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 January 17, 2024 at 37.48 and reached 41.38 on March 12, 2024. EEM gained -3.90 points, or -10.41%, in 55 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since March 6, 2024. 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.

A Parabolic SAR (stop and reversal) indicator (40.52) comes close to the price (40.77). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.90
Williams' Percentage Range (W%R) 36.50
Lane's Stochastic (%D-Slow) 80.51
Overbought
Greed/Fear Indicator (GFI) 66.31
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.73
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 87.73
Overbought
Greed/Fear Indicator (GFI) 76.41
Moving Average Converg./Diverg. (MACD) 0.13
Trading Signals
Description Value Chart
Monthly Trendline Resistance 41.37
Upper Bollinger Band 41.28
Daily Stochastic Crossing 41.21
Weekly Stochastic Crossing 41.08
Price 40.77
20 Day Moving Average 40.55
Parabolic System 40.52
Lower Bollinger Band 39.69
50 Day Moving Average 39.59
Monthly Trendline Support 35.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 37.48
Low Date 01/17/2024
High 41.38
High Date 03/12/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.38
Low Date 10/23/2023
High 41.38
High Date 03/12/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 41.37
Support 35.93
High 42.53
High Date 01/26/2023
Low 36.38
Low Date 10/23/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.49
Low Date 10/24/2022
High 42.53
High Date 01/26/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.29
High Date 02/16/2021
Low 33.49
Low Date 10/24/2022
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.