The Greedy Trader Weekly Analysis
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Quarterly Pattern:Symmetric Triangle
Number of records: 1
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
iShares MSCI Switzerland Index
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Summary:
Weekly :
Daily :Lane's Stochastic is overbought
Move cursor over the icon to see details.

It was a second consecutive positive week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL climbed 0.18 points, or 0.54%, and closed at 33.39 on Friday, November 09, 2018. Weekly volume was -19% below average.

Long-term trend: [See EWL long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 27.52 and reached 37.84 on January 25, 2018. EWL gained -10.32 points, or -37.5%, in 102 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 28.85 and resistance is at 40.96. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See EWL medium-term trend chart]
A medium-term downtrend had started on September 20, 2018 at 35.35 and reached 31.87 on October 24, 2018. EWL lost 3.48 points, or 9.84%, in 4 weeks. The price is now at the 43.68% retracement level.

Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See EWL short-term trend chart]
A short-term uptrend had started on October 24, 2018 at 31.87 and reached 33.69 on November 7, 2018. EWL gained -1.82 points, or -5.71%, in 14 days. The price is now at the 16.48% retracement level.

Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since October 29, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.87
Williams' Percentage Range (W%R) 20.90
Lane's Stochastic (%D-Slow) 84.78
Overbought
Greed/Fear Indicator (GFI) 73.26
Moving Average Converg./Diverg. (MACD) -0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.37
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 22.75
Greed/Fear Indicator (GFI) 37.44
Moving Average Converg./Diverg. (MACD) -0.15
Trading Signals
Description Value Chart
Upper Bollinger Band 34.13
50 Day Moving Average 33.79
Daily Stochastic Crossing 33.59
Price 33.39
20 Day Moving Average 32.88
Weekly Stochastic Crossing 32.78
Parabolic System 32.63
Lower Bollinger Band 32.25
Yearly Trendline Support 28.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 33.69
High Date 11/07/2018
Low 33.22
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.87
Low Date 10/24/2018
High 33.69
High Date 11/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.35
High Date 09/20/2018
Low 31.87
Low Date 10/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.84
High Date 01/25/2018
Low 31.87
Low Date 10/24/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 40.96
Support 28.85
Low 27.52
Low Date 02/11/2016
High 37.84
High Date 01/25/2018
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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