The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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iShares MSCI Canada Index
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Summary:
Weekly :Broken trend support lineBroken trend support lineWilliams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger Band
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It was the negative week for the iShares MSCI Canada Index (EWC). During the week, the EWC dropped -0.84 points, or -3.15%, and closed at 25.80 on Friday, December 07, 2018. It was the worst weekly loss since October 26, 2018. Weekly volume was 24% 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 30.60 on January 5, 2018. EWC gained -12.53 points, or -69.34%, in 102 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (29.65) 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 downtrend had started on January 5, 2018 at 30.60 and reached 25.56 on December 6, 2018. EWC lost 5.04 points, or 16.47%, in 47 weeks. The chart has formed a Rising Pennant chart pattern. The downtrend support line (29.83) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since August 31, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 7, 2018 at 27.22 and reached 25.56 on December 6, 2018. EWC lost 1.66 points, or 6.10%, in 29 days. The price is now at the 14.46% retracement level.

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

The daily MACD line is above its signal line since November 1, 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 39.17
Williams' Percentage Range (W%R) 69.90
Lane's Stochastic (%D-Slow) 47.44
Greed/Fear Indicator (GFI) 38.91
Moving Average Converg./Diverg. (MACD) -0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.88
Williams' Percentage Range (W%R) 87.40
Oversold
Lane's Stochastic (%D-Slow) 23.34
Greed/Fear Indicator (GFI) 25.11
Moving Average Converg./Diverg. (MACD) -0.35 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Support 29.83
Yearly Trendline Support 29.65
Monthly Trendline Resistance 29.18
Quarterly Trendline Resistance 28.92
Monthly Trendline Support 28.26
Yearly Trendline Resistance 28.16
Parabolic System 27.21
Upper Bollinger Band 27.13
50 Day Moving Average 27.06
20 Day Moving Average 26.47
Daily Stochastic Crossing 26.18
Weekly Stochastic Crossing 26.01
Lower Bollinger Band 25.85
Price 25.80
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.22
High Date 11/07/2018
Low 25.56
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.54
High Date 08/28/2018
Low 25.56
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 29.18
Support 28.26
High 29.61
High Date 05/22/2018
Low 25.56
Low Date 12/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Support
Resistance 28.92
Support 29.83
High 30.60
High Date 01/05/2018
Low 25.56
Low Date 12/06/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 28.16
Support 29.65
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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