The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 5
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
iShares MSCI United Kingdom 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 AverageBearish On Neck CandlestickWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal linePrice is near the Fibonacci 23.6% retracement levelThe Bollinger Bands are historically far apart
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It was the negative week for the iShares MSCI United Kingdom Index (EWU). During the week, the EWU dropped -1.99 points, or -5.49%, and closed at 34.28 on Friday, February 09, 2018. Weekly volume was 235% above average.

Long-term trend: [See EWU long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 13.80 and reached 38.05 on January 25, 2018. EWU gained -24.25 points, or -175.72%, in 82 weeks. The price is now at the 15.55% retracement level.

Medium-term trend: [See EWU medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 38.05 and reached 33.43 on February 9, 2018. EWU lost 4.62 points, or 12.14%, in 2 weeks. The price is now at the 18.40% retracement level.

Weekly Technical Indicators: [See EWU 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 EWU short-term trend chart]
A short-term downtrend had started on February 2, 2018 at 36.81 and reached 33.43 on February 9, 2018. EWU lost 3.38 points, or 9.18%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EWU 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 29, 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 (14.12%) is close to one year high (7.62%). It is 250.55% 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 EWU candlestick chart pattern]
On Friday the chart has formed a Bearish On Neck Candlestick pattern. This is the weakest bearish continuation signal; it appears in a downtrend. Use the Technical Stock Screener to see the list of stocks that had a Bearish On Neck Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.73
Williams' Percentage Range (W%R) 82.00
Oversold
Lane's Stochastic (%D-Slow) 12.47
Oversold
Greed/Fear Indicator (GFI) 17.39
Oversold
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.21
Williams' Percentage Range (W%R) 82.00
Oversold
Lane's Stochastic (%D-Slow) 74.82
Greed/Fear Indicator (GFI) 47.46
Moving Average Converg./Diverg. (MACD) 0.82 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 38.48
20 Day Moving Average 36.66
Weekly Stochastic Crossing 36.61
50 Day Moving Average 35.96
Parabolic System 35.53
Price 34.28
Daily Stochastic Crossing 34.03
Lower Bollinger Band 33.64
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.81
High Date 02/02/2018
Low 33.43
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.05
High Date 01/25/2018
Low 33.43
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.14
Low Date 11/15/2017
High 38.05
High Date 01/25/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.80
Low Date 06/27/2016
High 38.05
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.88
Low Date 03/09/2009
High 38.05
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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