The Greedy Trader Weekly Analysis
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Archive
- 5/18/2018
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iShares MSCI Australia Index
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Summary:
Weekly :Broken trend support line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the iShares MSCI Australia Index (EWA). During the week, the EWA gave back -0.15 points, or -0.66%, and closed at 22.70 on Friday, May 18, 2018. Weekly volume was -39% below average.

Long-term trend: [See EWA long-term trend chart]
A long-term uptrend had started on January 15, 2016 at 16.08 and reached 24.18 on January 26, 2018. EWA gained -8.10 points, or -50.37%, in 106 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (24.24) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See EWA medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 24.18 and reached 21.54 on April 2, 2018. EWA lost 2.64 points, or 10.92%, in 9 weeks. The chart has formed a Ascending Triangle chart pattern. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See EWA 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 EWA short-term trend chart]
A short-term downtrend had started on May 17, 2018 at 22.92 and reached 22.69 on May 18, 2018. EWA lost 0.23 points, or 1.00%, in 1 days. Price is near the trend low.

Daily Technical Indicators: [See EWA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 9, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.49
Williams' Percentage Range (W%R) 28.30
Lane's Stochastic (%D-Slow) 63.23
Greed/Fear Indicator (GFI) 66.15
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.22
Williams' Percentage Range (W%R) 54.90
Lane's Stochastic (%D-Slow) 54.39
Greed/Fear Indicator (GFI) 49.27
Moving Average Converg./Diverg. (MACD) -0.04
Trading Signals
Description Value Chart
Yearly Trendline Resistance 24.66
Yearly Trendline Support 24.24
Upper Bollinger Band 23.13
Daily Stochastic Crossing 22.79
Parabolic System 22.71
Price 22.70
20 Day Moving Average 22.55
50 Day Moving Average 22.45
Weekly Stochastic Crossing 22.37
Lower Bollinger Band 22.09
Quarterly Trendline Support 21.49
Quarterly Trendline Resistance 21.49
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 22.92
High Date 05/17/2018
Low 22.69
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.02
Low Date 04/25/2018
High 23.01
High Date 05/14/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.54
Low Date 04/02/2018
High 23.01
High Date 05/14/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status
Resistance 21.49
Support 21.49
High 24.18
High Date 01/26/2018
Low 21.54
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 24.66
Support 24.24
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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