The Greedy Trader Weekly Analysis
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Archive
- 2/9/2018
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iShares MSCI Canada Index
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversoldBroken trend support line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineBullish Homing Pigeon CandlestickThe Bollinger Bands are historically far apart
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It was the negative week for the iShares MSCI Canada Index (EWC). During the week, the EWC dropped -1.52 points, or -5.25%, and closed at 27.44 on Friday, February 09, 2018. Weekly volume was 218% above average.

Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on May 18, 2017 at 25.58 and reached 30.60 on January 5, 2018. EWC gained -5.02 points, or -19.62%, in 33 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (29.95) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EWC may retest the broken support line. It is considered to be a resistance 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 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 26.92 on February 9, 2018. EWC lost 3.68 points, or 12.03%, in 5 weeks. The chart has formed a Rising Pennant chart pattern. The downtrend support line (30.45) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 January 26, 2018 at 30.39 and reached 26.92 on February 9, 2018. EWC lost 3.47 points, or 11.42%, in 14 days. The price is now at the 14.99% retracement level.

Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since January 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (14.87%) is close to one year high (7.54%). It is 282.09% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Candlestick pattern: [See EWC candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 12.10
Oversold
Williams' Percentage Range (W%R) 82.10
Oversold
Lane's Stochastic (%D-Slow) 14.08
Oversold
Greed/Fear Indicator (GFI) 14.68
Oversold
Moving Average Converg./Diverg. (MACD) -0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.87
Williams' Percentage Range (W%R) 82.30
Oversold
Lane's Stochastic (%D-Slow) 60.21
Greed/Fear Indicator (GFI) 39.71
Moving Average Converg./Diverg. (MACD) 0.59
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 31.48
Upper Bollinger Band 31.14
Monthly Trendline Support 30.45
Monthly Trendline Resistance 30.35
Quarterly Trendline Support 29.95
20 Day Moving Average 29.52
50 Day Moving Average 29.45
Weekly Stochastic Crossing 29.01
Parabolic System 28.97
Daily Stochastic Crossing 27.46
Price 27.44
Lower Bollinger Band 27.08
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 30.39
High Date 01/26/2018
Low 26.92
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.39
High Date 01/26/2018
Low 26.92
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Support
Resistance 30.35
Support 30.45
High 30.60
High Date 01/05/2018
Low 26.92
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 31.48
Support 29.95
Low 25.58
Low Date 05/18/2017
High 30.60
High Date 01/05/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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