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iShares MSCI EAFE Index
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|It was the negative week for the iShares MSCI EAFE Index (EFA). During the week, the EFA dropped -1.37 points, or -2.01%, and closed at 66.75 on Friday, August 10, 2018. It was the worst weekly loss since June 22, 2018. Weekly volume was -26% below average. |
Long-term trend: [See EFA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 75.27 and reached 66.00 on July 2, 2018. EFA lost 9.27 points, or 12.32%, in 22 weeks. The price is now at the 8.09% retracement level.
Medium-term trend: [See EFA medium-term trend chart]
A medium-term downtrend had started on May 14, 2018 at 72.10 and reached 66.00 on July 2, 2018. EFA lost 6.10 points, or 8.46%, in 7 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 63.05 and resistance is at 68.54. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See EFA 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 2, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See EFA short-term trend chart]
A short-term downtrend had started on July 27, 2018 at 69.11 and reached 66.61 on August 10, 2018. EFA lost 2.50 points, or 3.62%, in 14 days. The price is now at the 5.60% retracement level.
Daily Technical Indicators: [See EFA 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.