The Greedy Trader Weekly Analysis
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Daily W%R:> 90
Number of records: 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 3/15/2024 -
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iShares MSCI South Korea Index (EWY) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the iShares MSCI South Korea Index (EWY). During the week, the EWY dropped -0.68 points, or -1.03%, and closed at 65.59 on Friday, March 15, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was 22% above average.

Long-term trend: [See EWY long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 47.19 and reached 67.95 on July 25, 2023. EWY gained -20.76 points, or -43.99%, in 40 weeks. The price is now at the 11.37% retracement level.

Medium-term trend: [See EWY medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 54.49 and reached 67.58 on March 14, 2024. EWY gained -13.09 points, or -24.02%, in 19 weeks. The price is now at the 15.20% retracement level.

Weekly Technical Indicators: [See EWY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since February 2, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EWY short-term trend chart]
A short-term uptrend had started on January 17, 2024 at 57.04 and reached 67.58 on March 14, 2024. EWY gained -10.54 points, or -18.48%, in 57 days. The chart has formed a Rising Channel chart pattern.

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

The daily MACD line is above its signal line since January 29, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.13
Williams' Percentage Range (W%R) 45.40
Lane's Stochastic (%D-Slow) 79.24
Greed/Fear Indicator (GFI) 63.99
Moving Average Converg./Diverg. (MACD) 0.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.64
Williams' Percentage Range (W%R) 14.00
Overbought
Lane's Stochastic (%D-Slow) 83.24
Overbought
Greed/Fear Indicator (GFI) 73.66
Moving Average Converg./Diverg. (MACD) 0.32
Trading Signals
Description Value Chart
Parabolic System 67.65
Upper Bollinger Band 67.33
Daily Stochastic Crossing 67.03
Weekly Stochastic Crossing 66.30
Price 65.59
20 Day Moving Average 65.22
Lower Bollinger Band 63.01
50 Day Moving Average 62.83
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 57.04
Low Date 01/17/2024
High 67.58
High Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 54.49
Low Date 10/27/2023
High 67.58
High Date 03/14/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.95
High Date 07/25/2023
Low 54.49
Low Date 10/27/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.19
Low Date 10/13/2022
High 67.95
High Date 07/25/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.29
High Date 01/08/2021
Low 47.19
Low Date 10/13/2022
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.