The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 9
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 :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a first positive week for the iShares MSCI United Kingdom Index (EWU). During the week, the EWU gained 0.70 points, or 1.94%, and closed at 36.77 on Friday, May 11, 2018. Weekly volume was -8% below average.

Long-term trend: [See EWU long-term trend chart]
A long-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 chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (35.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EWU may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See EWU medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 33.43 and reached 36.92 on May 11, 2018. EWU gained -3.49 points, or -10.44%, in 13 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EWU weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since April 20, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EWU short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 35.66 and reached 36.92 on May 11, 2018. EWU gained -1.26 points, or -3.53%, in 8 days. The price is now at the 11.90% retracement level.

Daily Technical Indicators: [See EWU daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.98
Williams' Percentage Range (W%R) 3.20
Strong Overbought
Lane's Stochastic (%D-Slow) 77.98
Greed/Fear Indicator (GFI) 79.59
Moving Average Converg./Diverg. (MACD) 0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.54
Williams' Percentage Range (W%R) 25.30
Lane's Stochastic (%D-Slow) 87.00
Overbought
Greed/Fear Indicator (GFI) 72.60
Moving Average Converg./Diverg. (MACD) 0.34
Trading Signals
Description Value Chart
Price 36.77
Daily Stochastic Crossing 36.71
Upper Bollinger Band 36.63
Weekly Stochastic Crossing 36.51
20 Day Moving Average 36.27
Monthly Trendline Resistance 36.26
Monthly Trendline Support 35.89
Parabolic System 35.84
Lower Bollinger Band 35.69
50 Day Moving Average 35.46
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.66
Low Date 05/03/2018
High 36.92
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.43
Low Date 02/09/2018
High 36.92
High Date 05/11/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 36.26
Support 35.89
High 38.05
High Date 01/25/2018
Low 33.43
Low Date 02/09/2018
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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