The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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iShares MSCI Canada Index
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Summary:
Weekly :Broken trend support lineLane's Stochastic is overbought
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 0.34 points, or 1.18%, and closed at 29.05 on Friday, June 08, 2018. EWC was trading at average weekly trading volume.

Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 18.07 and reached 30.60 on January 5, 2018. EWC gained -12.53 points, or -69.34%, in 102 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (31.54) 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 EWC medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 26.91 and reached 29.61 on May 22, 2018. EWC gained -2.70 points, or -10.03%, in 6 weeks. The price is now at the 20.74% retracement level.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. 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 May 22, 2018 at 29.61 and reached 28.18 on June 4, 2018. EWC lost 1.43 points, or 4.83%, in 13 days. The chart has formed a Rising Pennant chart pattern. The trend support level is at 29.01 and resistance is at 29.24. A Rising Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Rising Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Pennant pattern in a short-term trend.

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

The daily MACD line is below its signal line since May 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 48.71
Williams' Percentage Range (W%R) 51.00
Lane's Stochastic (%D-Slow) 54.48
Greed/Fear Indicator (GFI) 50.71
Moving Average Converg./Diverg. (MACD) 0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.65
Williams' Percentage Range (W%R) 46.00
Lane's Stochastic (%D-Slow) 81.60
Overbought
Greed/Fear Indicator (GFI) 63.64
Moving Average Converg./Diverg. (MACD) -0.03
Trading Signals
Description Value Chart
Yearly Trendline Resistance 31.87
Yearly Trendline Support 31.54
Upper Bollinger Band 29.39
Weekly Trendline Resistance 29.24
Weekly Stochastic Crossing 29.20
Price 29.05
Weekly Trendline Support 29.01
20 Day Moving Average 28.95
Daily Stochastic Crossing 28.94
50 Day Moving Average 28.39
Parabolic System 28.20
Lower Bollinger Band 28.18
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.18
Low Date 06/04/2018
High 29.30
High Date 06/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Valid
Resistance 29.24
Support 29.01
High 29.61
High Date 05/22/2018
Low 28.18
Low Date 06/04/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.91
Low Date 04/04/2018
High 29.61
High Date 05/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.60
High Date 01/05/2018
Low 26.91
Low Date 04/04/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 31.87
Support 31.54
Low 18.07
Low Date 01/20/2016
High 30.60
High Date 01/05/2018
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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