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iShares MSCI Italy Index
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|It was a first positive week for the iShares MSCI Italy Index (EWI). During the week, the EWI gained 0.62 points, or 2.15%, and closed at 29.51 on Friday, July 06, 2018. Weekly volume was -19% below average. |
Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 9.81 and reached 34.44 on January 26, 2018. EWI gained -24.63 points, or -251.07%, in 82 weeks. The price is now at the 20.02% retracement level.
Medium-term trend: [See EWI medium-term trend chart]
A medium-term downtrend had started on April 24, 2018 at 34.27 and reached 28.36 on June 28, 2018. EWI lost 5.91 points, or 17.25%, in 9 weeks. The price is now at the 19.46% retracement level.
Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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.
The weekly MACD line is below its signal line since May 11, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See EWI short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 28.36 and reached 29.56 on July 6, 2018. EWI gained -1.20 points, or -4.23%, in 8 days. Price is near the trend high.
Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
The price is close to 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.