The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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iShares MSCI Brazil Index
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversoldRelative Strength Index and Lane's Stochastic bullish divergence
Daily :The price has risen above the Parabolic SAR
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It was a second positive week after 3 consecutive negative weeks for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ climbed 0.03 points, or 0.09%, and closed at 32.48 on Friday, September 07, 2018. Weekly volume was 57% above average.

Long-term trend: [See EWZ long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 17.30 and reached 47.85 on January 25, 2018. EWZ gained -30.55 points, or -176.59%, in 105 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (46.09) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See EWZ medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 47.85 and reached 30.69 on September 5, 2018. EWZ lost 17.16 points, or 35.86%, in 31 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 27.93 and resistance is at 33.15. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See EWZ weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 23, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EWZ short-term trend chart]
A short-term uptrend had started on September 5, 2018 at 30.69 and reached 32.89 on September 7, 2018. EWZ gained -2.20 points, or -7.17%, in 2 days. The price is now at the 18.64% retracement level.

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

The daily MACD line is below its signal line since August 8, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.20
Williams' Percentage Range (W%R) 53.60
Lane's Stochastic (%D-Slow) 46.93
Greed/Fear Indicator (GFI) 46.49
Moving Average Converg./Diverg. (MACD) -0.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.12
Bullish
Williams' Percentage Range (W%R) 85.70
Oversold
Lane's Stochastic (%D-Slow) 36.49
Bullish
Greed/Fear Indicator (GFI) 32.98
Moving Average Converg./Diverg. (MACD) -1.95 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 34.76
50 Day Moving Average 33.93
Quarterly Trendline Resistance 33.15
20 Day Moving Average 32.65
Price 32.48
Weekly Stochastic Crossing 32.44
Monthly Trendline Resistance 32.32
Daily Stochastic Crossing 31.61
Lower Bollinger Band 30.82
Parabolic System 30.66
Monthly Trendline Support 30.14
Quarterly Trendline Support 27.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 30.69
Low Date 09/05/2018
High 32.89
High Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.69
Low Date 09/05/2018
High 32.89
High Date 09/07/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 32.32
Support 30.14
High 37.65
High Date 08/03/2018
Low 30.69
Low Date 09/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 33.15
Support 27.93
High 47.85
High Date 01/25/2018
Low 30.69
Low Date 09/05/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 52.48
Support 46.09
Low 17.30
Low Date 01/20/2016
High 47.85
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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