The Greedy Trader Weekly Analysis
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Archive
- 2/9/2018
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iShares MSCI Germany Index
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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversold
Daily :Price has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineBullish Harami CandlestickThe Bollinger Bands are historically far apart
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It was the negative week for the iShares MSCI Germany Index (EWG). During the week, the EWG dropped -1.78 points, or -5.26%, and closed at 32.08 on Friday, February 09, 2018. Weekly volume was 309% above average.

Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 22.51 and reached 35.87 on January 24, 2018. EWG gained -13.36 points, or -59.35%, in 82 weeks. The price is now at the 28.37% retracement level.

Medium-term trend: [See EWG medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 35.87 and reached 31.20 on February 9, 2018. EWG lost 4.67 points, or 13.02%, in 2 weeks. The price is now at the 18.84% retracement level.

Weekly Technical Indicators: [See EWG 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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.

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 EWG short-term trend chart]
A short-term downtrend had started on January 26, 2018 at 35.55 and reached 31.20 on February 9, 2018. EWG lost 4.35 points, or 12.24%, in 14 days. The price is now at the 20.23% retracement level.

Daily Technical Indicators: [See EWG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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.

The daily MACD line is below its signal line since January 30, 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 (14.59%) is close to one year high (11.40%). It is 238.90% 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See EWG candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.44
Williams' Percentage Range (W%R) 83.10
Oversold
Lane's Stochastic (%D-Slow) 17.66
Oversold
Greed/Fear Indicator (GFI) 20.00
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.90
Williams' Percentage Range (W%R) 83.10
Oversold
Lane's Stochastic (%D-Slow) 71.62
Greed/Fear Indicator (GFI) 45.53
Moving Average Converg./Diverg. (MACD) 0.92
Trading Signals
Description Value Chart
Upper Bollinger Band 36.17
20 Day Moving Average 34.39
Weekly Stochastic Crossing 34.34
50 Day Moving Average 33.75
Parabolic System 33.43
Price 32.08
Daily Stochastic Crossing 32.01
Lower Bollinger Band 31.48
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 35.55
High Date 01/26/2018
Low 31.20
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.87
High Date 01/24/2018
Low 31.20
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.08
Low Date 06/30/2017
High 35.87
High Date 01/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.55
Low Date 12/01/2016
High 35.87
High Date 01/24/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.51
Low Date 06/27/2016
High 35.87
High Date 01/24/2018
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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