The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 23.6% 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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- 4/5/2024 -
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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 lineBroken trend resistance line
Daily :The price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price touches the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a third consecutive positive week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM climbed 0.17 points, or 0.41%, and closed at 41.25 on Friday, April 5, 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 February 16, 2021 at 58.29 and reached 33.49 on October 24, 2022. EEM lost 24.80 points, or 42.55%, in 87 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (37.69) 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 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 41.79 on April 4, 2024. EEM gained -5.41 points, or -14.87%, in 23 weeks. The price is now at the 9.98% 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, but getting smaller. It indicates that the current medium-term uptrend 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 March 19, 2024 at 40.42 and reached 41.79 on April 4, 2024. EEM gained -1.37 points, or -3.39%, in 16 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since March 18, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 upper Bollinger Band. The distance between the Bollinger Bands (1.94%) is close to one year low (2.92%). It is 66.27% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.19
Williams' Percentage Range (W%R) 49.60
Lane's Stochastic (%D-Slow) 63.09
Greed/Fear Indicator (GFI) 58.88
Moving Average Converg./Diverg. (MACD) 0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.95
Williams' Percentage Range (W%R) 15.80
Overbought
Lane's Stochastic (%D-Slow) 89.81
Overbought
Greed/Fear Indicator (GFI) 77.31
Moving Average Converg./Diverg. (MACD) 0.29
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 41.48
Daily Stochastic Crossing 41.38
Upper Bollinger Band 41.33
Price 41.25
20 Day Moving Average 41.03
Lower Bollinger Band 40.53
Parabolic System 40.53
50 Day Moving Average 40.24
Yearly Trendline Support 37.69
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 40.42
Low Date 03/19/2024
High 41.79
High Date 04/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.48
Low Date 01/17/2024
High 41.79
High Date 04/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.38
Low Date 10/23/2023
High 41.79
High Date 04/04/2024
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 Symmetric Triangle
Status Broken Resistance
Resistance 32.91
Support 37.69
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.