The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Weekly Pattern:Rising Wedge
Number of records: 4
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
iShares MSCI Pacific ex-Japan
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageBullish Harami CandlestickThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP dropped -2.86 points, or -5.87%, and closed at 45.88 on Friday, February 09, 2018. Weekly volume was 143% above average.

Long-term trend: [See EPP long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 32.77 and reached 50.33 on January 26, 2018. EPP gained -17.56 points, or -53.59%, in 105 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (48.21) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EPP may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.

Medium-term trend: [See EPP medium-term trend chart]
A medium-term uptrend had started on December 23, 2016 at 39.30 and reached 50.33 on January 26, 2018. EPP gained -11.03 points, or -28.07%, in 57 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (47.52) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EPP may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See EPP 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See EPP short-term trend chart]
A short-term downtrend had started on January 26, 2018 at 50.33 and reached 44.78 on February 9, 2018. EPP lost 5.55 points, or 11.03%, in 14 days. The price is now at the 19.82% retracement level.

Daily Technical Indicators: [See EPP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since January 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (11.77%) is close to one year high (7.69%). It is 215.79% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See EPP candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.80
Williams' Percentage Range (W%R) 80.40
Oversold
Lane's Stochastic (%D-Slow) 12.37
Oversold
Greed/Fear Indicator (GFI) 19.27
Oversold
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.88
Williams' Percentage Range (W%R) 80.40
Oversold
Lane's Stochastic (%D-Slow) 74.63
Greed/Fear Indicator (GFI) 46.51
Moving Average Converg./Diverg. (MACD) 0.84
Trading Signals
Description Value Chart
Upper Bollinger Band 50.88
Quarterly Trendline Resistance 49.15
20 Day Moving Average 48.77
Weekly Stochastic Crossing 48.65
Monthly Trendline Resistance 48.64
Yearly Trendline Support 48.21
50 Day Moving Average 48.18
Parabolic System 48.04
Quarterly Trendline Support 47.52
Monthly Trendline Support 47.28
Yearly Trendline Resistance 46.67
Price 45.88
Daily Stochastic Crossing 45.54
Lower Bollinger Band 45.46
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 50.33
High Date 01/26/2018
Low 44.78
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.33
High Date 01/26/2018
Low 44.78
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 48.64
Support 47.28
Low 43.69
Low Date 06/21/2017
High 50.33
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 49.15
Support 47.52
Low 39.30
Low Date 12/23/2016
High 50.33
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 46.67
Support 48.21
Low 32.77
Low Date 01/20/2016
High 50.33
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.

Copyright© 2004-2016 All rights reserved.