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Monthly Pattern:Falling Channel
Number of records: 6
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
Archive
- 12/1/2017
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iShares MSCI United Kingdom Index
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Summary:
Weekly :Broken trend resistance line
Daily :A Parabolic SAR indicator is above and near the priceBullish Doji CandlestickPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI United Kingdom Index (EWU). During the week, the EWU gave back -0.03 points, or -0.09%, and closed at 34.93 on Friday, December 01, 2017. Weekly volume was 13% 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 35.46 on October 13, 2017. EWU gained -21.66 points, or -156.96%, in 67 weeks. Price is near the trend high.

Medium-term trend: [See EWU medium-term trend chart]
A medium-term downtrend had started on October 13, 2017 at 35.46 and reached 34.14 on November 15, 2017. EWU lost 1.32 points, or 3.72%, in 4 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (33.92) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.

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

The weekly MACD line is below its signal line since February 24, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 November 15, 2017 at 34.14 and reached 35.28 on November 29, 2017. EWU gained -1.14 points, or -3.34%, in 14 days. The price is now at the 30.70% retracement level.

Daily Technical Indicators: [See EWU daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 22, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (34.62) comes close to the price (34.93). It indicates that the trend is getting weaker. 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.

Price is close to the 50 Day Moving Average. 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 Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.59
Williams' Percentage Range (W%R) 30.70
Lane's Stochastic (%D-Slow) 73.70
Greed/Fear Indicator (GFI) 66.86
Moving Average Converg./Diverg. (MACD) 0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.18
Williams' Percentage Range (W%R) 22.70
Lane's Stochastic (%D-Slow) 50.18
Greed/Fear Indicator (GFI) 60.96
Moving Average Converg./Diverg. (MACD) 0.85
Trading Signals
Description Value Chart
Upper Bollinger Band 35.31
Daily Stochastic Crossing 35.11
Price 34.93
50 Day Moving Average 34.82
Weekly Stochastic Crossing 34.74
20 Day Moving Average 34.73
Parabolic System 34.62
Monthly Trendline Resistance 34.58
Lower Bollinger Band 34.29
Monthly Trendline Support 33.92
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 35.28
High Date 11/29/2017
Low 34.77
Low Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.14
Low Date 11/15/2017
High 35.28
High Date 11/29/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 34.58
Support 33.92
High 35.46
High Date 10/13/2017
Low 34.14
Low Date 11/15/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.80
Low Date 06/27/2016
High 35.46
High Date 10/13/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.88
Low Date 03/09/2009
High 35.46
High Date 10/13/2017
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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