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iShares MSCI Emerg Mkts Index (EEM) |
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM dropped -1.07 points, or -2.00%, and closed at 52.51 on Friday, July 23, 2021. Weekly volume was -24% below average.
 Long-term trend: [See EEM long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 30.10 and reached 58.29 on February 16, 2021. EEM gained -28.19 points, or -93.65%, in 47 weeks. The price is now at the 20.50% retracement level.
 Medium-term trend: [See EEM medium-term trend chart]
A medium-term uptrend had started on March 25, 2021 at 51.52 and reached 56.17 on June 1, 2021. EEM gained -4.65 points, or -9.03%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (52.06) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See EEM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 5, 2021. 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 June 28, 2021 at 55.62 and reached 52.23 on July 23, 2021. EEM lost 3.39 points, or 6.09%, in 25 days. The price is now at the 8.26% retracement level.
 Daily Technical Indicators: [See EEM daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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 Williams' Percentage Range help.
The daily MACD line is below its signal line since June 30, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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