The Greedy Trader Weekly Analysis
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Archive
- 12/1/2017
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iShares MSCI Canada Index
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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Canada Index (EWC). During the week, the EWC gave back -0.04 points, or -0.14%, and closed at 29.37 on Friday, December 01, 2017. Weekly volume was 10% above average.

Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 18.07 and reached 29.45 on November 9, 2017. EWC gained -11.38 points, or -62.98%, in 94 weeks. Price is near the trend high.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term uptrend had started on May 18, 2017 at 25.58 and reached 29.45 on November 9, 2017. EWC gained -3.87 points, or -15.13%, in 25 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 28.60 and resistance is at 30.34. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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.

The weekly MACD line is above its signal line since July 7, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term downtrend had started on November 24, 2017 at 29.45 and reached 28.77 on November 29, 2017. EWC lost 0.68 points, or 2.31%, in 5 days. The price is now at the 88.24% retracement level.

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

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

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) 51.24
Williams' Percentage Range (W%R) 28.60
Lane's Stochastic (%D-Slow) 46.15
Greed/Fear Indicator (GFI) 56.27
Moving Average Converg./Diverg. (MACD) 0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.43
Williams' Percentage Range (W%R) 8.60
Strong Overbought
Lane's Stochastic (%D-Slow) 74.28
Greed/Fear Indicator (GFI) 74.58
Moving Average Converg./Diverg. (MACD) 0.60
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 30.34
Upper Bollinger Band 29.47
Parabolic System 29.45
Price 29.37
Weekly Stochastic Crossing 29.21
20 Day Moving Average 29.17
50 Day Moving Average 29.07
Daily Stochastic Crossing 29.06
Lower Bollinger Band 28.77
Quarterly Trendline Support 28.60
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.77
Low Date 11/29/2017
High 29.42
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.45
High Date 11/24/2017
Low 28.77
Low Date 11/29/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.45
High Date 11/09/2017
Low 28.75
Low Date 11/15/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 30.34
Support 28.60
Low 25.58
Low Date 05/18/2017
High 29.45
High Date 11/09/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.07
Low Date 01/20/2016
High 29.45
High Date 11/09/2017
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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