The Greedy Trader Weekly Analysis
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Archive
- 11/9/2018
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iShares MSCI Australia Index
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Summary:
Weekly :Stochastic signal line moved above oversold area
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice is close to the 50 Day Moving Average
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It was a second consecutive positive week for the iShares MSCI Australia Index (EWA). During the week, the EWA gained 0.32 points, or 1.53%, and closed at 21.20 on Friday, November 09, 2018. EWA was trading at average weekly trading volume.

Long-term trend: [See EWA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 24.18 and reached 19.73 on October 26, 2018. EWA lost 4.45 points, or 18.40%, in 39 weeks. The price is now at the 33.03% retracement level.

Medium-term trend: [See EWA medium-term trend chart]
A medium-term downtrend had started on July 9, 2018 at 23.18 and reached 19.73 on October 26, 2018. EWA lost 3.45 points, or 14.88%, in 15 weeks. The price is now at the 42.61% retracement level.

Weekly Technical Indicators: [See EWA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 Lane's Stochastic help.

The weekly MACD line is below its signal line since August 31, 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 EWA short-term trend chart]
A short-term uptrend had started on October 26, 2018 at 19.73 and reached 21.55 on November 8, 2018. EWA gained -1.82 points, or -9.22%, in 13 days. The price is now at the 19.23% retracement level.

Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since October 30, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.60
Williams' Percentage Range (W%R) 14.80
Overbought
Lane's Stochastic (%D-Slow) 91.28
Strong Overbought
Greed/Fear Indicator (GFI) 78.35
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.65
Williams' Percentage Range (W%R) 55.10
Lane's Stochastic (%D-Slow) 23.26
Greed/Fear Indicator (GFI) 36.93
Moving Average Converg./Diverg. (MACD) -0.31
Trading Signals
Description Value Chart
Upper Bollinger Band 21.84
Daily Stochastic Crossing 21.46
50 Day Moving Average 21.36
Price 21.20
20 Day Moving Average 20.71
Parabolic System 20.57
Weekly Stochastic Crossing 20.46
Lower Bollinger Band 20.06
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 21.55
High Date 11/08/2018
Low 21.13
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.73
Low Date 10/26/2018
High 21.55
High Date 11/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.18
High Date 07/09/2018
Low 19.73
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.18
High Date 01/26/2018
Low 19.73
Low Date 10/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.08
Low Date 01/15/2016
High 24.18
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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