The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 5
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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 support line
Daily :Williams' Percentage Range is oversoldDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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 gave back -0.16 points, or -0.35%, and closed at 45.90 on Friday, August 10, 2018. Weekly volume was -67% 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 uptrend support line (49.39) 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 downtrend had started on February 26, 2018 at 48.83 and reached 45.25 on July 2, 2018. EPP lost 3.58 points, or 7.33%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 45.17 and resistance is at 48.42. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern 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 June 8, 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 EPP short-term trend chart]
A short-term uptrend had started on August 2, 2018 at 45.77 and reached 46.90 on August 9, 2018. EPP gained -1.13 points, or -2.47%, in 7 days. The price is now at the 88.50% retracement level.

Daily Technical Indicators: [See EPP 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. 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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 distance between the Bollinger Bands (2.7%) is close to one year low (2.49%). 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) 46.68
Williams' Percentage Range (W%R) 85.20
Oversold
Lane's Stochastic (%D-Slow) 49.49
Greed/Fear Indicator (GFI) 37.01
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.07
Williams' Percentage Range (W%R) 80.00
Lane's Stochastic (%D-Slow) 34.17
Greed/Fear Indicator (GFI) 32.79
Moving Average Converg./Diverg. (MACD) -0.15
Trading Signals
Description Value Chart
Yearly Trendline Resistance 54.80
Yearly Trendline Support 49.39
Monthly Trendline Resistance 48.42
Upper Bollinger Band 46.99
50 Day Moving Average 46.57
Daily Stochastic Crossing 46.38
20 Day Moving Average 46.36
Price 45.90
Weekly Stochastic Crossing 45.89
Lower Bollinger Band 45.76
Parabolic System 45.75
Monthly Trendline Support 45.17
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.77
Low Date 08/02/2018
High 46.90
High Date 08/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.25
Low Date 07/02/2018
High 47.02
High Date 07/25/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 48.42
Support 45.17
High 48.83
High Date 02/26/2018
Low 45.25
Low Date 07/02/2018
Quarterly Trend
Yearly 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 54.80
Support 49.39
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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