The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 7
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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
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Summary:
Weekly :Broken trend resistance lineTrend support at 47.90
Daily :A Parabolic SAR indicator is above and near the priceThe price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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 -0.56 points, or -1.16%, and closed at 47.71 on Friday, May 18, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was -13% below 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 Channel chart pattern. The price is near the trend support (47.90) 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 long-term trend.

Medium-term trend: [See EPP medium-term trend chart]
A medium-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 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (46.20) 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 medium-term trend.

Weekly Technical Indicators: [See EPP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EPP short-term trend chart]
A short-term uptrend had started on April 2, 2018 at 45.49 and reached 48.65 on May 14, 2018. EPP gained -3.16 points, or -6.95%, in 42 days. The price is now at the 29.75% retracement level.

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

The daily MACD line is above its signal line since April 9, 2018. 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 (47.63) comes close to the price (47.71). 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.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.01
Williams' Percentage Range (W%R) 43.30
Lane's Stochastic (%D-Slow) 58.83
Greed/Fear Indicator (GFI) 58.17
Moving Average Converg./Diverg. (MACD) 0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.01
Williams' Percentage Range (W%R) 46.70
Lane's Stochastic (%D-Slow) 60.30
Greed/Fear Indicator (GFI) 54.48
Moving Average Converg./Diverg. (MACD) 0.18
Trading Signals
Description Value Chart
Yearly Trendline Resistance 53.31
Upper Bollinger Band 48.56
Daily Stochastic Crossing 48.03
Yearly Trendline Support 47.90
Price 47.71
Parabolic System 47.63
20 Day Moving Average 47.52
Weekly Stochastic Crossing 47.44
50 Day Moving Average 47.25
Lower Bollinger Band 46.67
Quarterly Trendline Support 46.20
Quarterly Trendline Resistance 44.48
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 46.55
Low Date 04/25/2018
High 48.65
High Date 05/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.49
Low Date 04/02/2018
High 48.65
High Date 05/14/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.78
Low Date 02/09/2018
High 48.83
High Date 02/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 44.48
Support 46.20
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 Test Support
Resistance 53.31
Support 47.90
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.

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