iShares MSCI United Kingdom Index
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|It was a second positive week after 5 consecutive negative weeks for the iShares MSCI United Kingdom Index (EWU). During the week, the EWU climbed 0.12 points, or 0.37%, and closed at 32.38 on Friday, November 09, 2018. Weekly volume was -15% 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 30.79 on October 26, 2018. EWU lost 7.26 points, or 19.08%, in 39 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See EWU medium-term trend chart]
A medium-term downtrend had started on May 22, 2018 at 37.42 and reached 30.79 on October 26, 2018. EWU lost 6.63 points, or 17.72%, in 22 weeks. Price is near the Fibonacci 23.6% retracement level.
Weekly Technical Indicators: [See EWU weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since June 15, 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 EWU short-term trend chart]
A short-term uptrend had started on October 26, 2018 at 30.79 and reached 32.93 on November 8, 2018. EWU gained -2.14 points, or -6.95%, in 13 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See EWU 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 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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.