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- 1/8/2021 -
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iShares MSCI Canada Index (EWC)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 1.27 points, or 4.12%, and closed at 32.11 on Friday, January 8, 2021. It was the best weekly gain since November 6, 2020. Weekly volume was 62% above average.

Long-term trend: [See EWC long-term trend chart]
A long-term downtrend had started on February 20, 2020 at 30.81 and reached 17.59 on March 23, 2020. EWC lost 13.22 points, or 42.91%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (28.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWC may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term uptrend had started on October 30, 2020 at 26.17 and reached 32.26 on January 8, 2021. EWC gained -6.09 points, or -23.27%, in 10 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.

The weekly MACD line is above its signal line since November 6, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term uptrend had started on December 21, 2020 at 30.33 and reached 32.26 on January 8, 2021. EWC gained -1.93 points, or -6.36%, in 18 days. The price is now at the 7.77% retracement level.

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

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 5.23% on Friday. It is 59.34% lower than one year average. It indicates the period of low volatility of the stock price. 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) 63.27
Williams' Percentage Range (W%R) 1.00
Strong Overbought
Lane's Stochastic (%D-Slow) 86.66
Overbought
Greed/Fear Indicator (GFI) 82.96
Overbought
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.44
Williams' Percentage Range (W%R) 0.30
Strong Overbought
Lane's Stochastic (%D-Slow) 92.28
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 85.04
Overbought
Moving Average Converg./Diverg. (MACD) 0.86 Bearish
Trading Signals
Description Value Chart
Daily Stochastic Crossing 32.17
Price 32.11
Upper Bollinger Band 32.01
Weekly Stochastic Crossing 31.91
20 Day Moving Average 31.20
Parabolic System 31.02
Lower Bollinger Band 30.31
50 Day Moving Average 30.04
Yearly Trendline Support 28.77
Yearly Trendline Resistance 28.13
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.68
Low Date 01/04/2021
High 32.26
High Date 01/08/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.33
Low Date 12/21/2020
High 32.26
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.17
Low Date 10/30/2020
High 32.26
High Date 01/08/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.59
Low Date 03/23/2020
High 32.26
High Date 01/08/2021
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 28.13
Support 28.77
High 30.81
High Date 02/20/2020
Low 17.59
Low Date 03/23/2020
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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