The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 2
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 :Price is near the Fibonacci 23.6% retracement levelPrice is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is overboughtPrice is near the Fibonacci 23.6% retracement levelThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.41
Williams' Percentage Range (W%R) 23.80
Lane's Stochastic (%D-Slow) 86.27
Overbought
Greed/Fear Indicator (GFI) 72.28
Moving Average Converg./Diverg. (MACD) -0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.53
Williams' Percentage Range (W%R) 64.20
Lane's Stochastic (%D-Slow) 21.92
Greed/Fear Indicator (GFI) 34.71
Moving Average Converg./Diverg. (MACD) -0.59
Trading Signals
Description Value Chart
Upper Bollinger Band 33.39
50 Day Moving Average 32.93
Daily Stochastic Crossing 32.77
Price 32.38
20 Day Moving Average 32.06
Parabolic System 31.91
Weekly Stochastic Crossing 31.70
Lower Bollinger Band 31.31
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.79
Low Date 10/26/2018
High 32.93
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.42
High Date 05/22/2018
Low 30.79
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.05
High Date 01/25/2018
Low 30.79
Low Date 10/26/2018
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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