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Archive
- 2/16/2018
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iShares MSCI Brazil Index
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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ gained 2.38 points, or 5.51%, and closed at 45.54 on Friday, February 16, 2018. Weekly volume was 7% 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 trend support level is at 40.01 and resistance is at 46.22. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See EWZ medium-term trend chart]
A medium-term uptrend had started on November 15, 2017 at 37.31 and reached 47.85 on January 25, 2018. EWZ gained -10.54 points, or -28.25%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 40.71 and resistance is at 50.51. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EWZ weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since January 12, 2018. This is an indication that the medium-term trend is up. 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 February 9, 2018 at 41.84 and reached 46.00 on February 16, 2018. EWZ gained -4.16 points, or -9.94%, in 7 days. The price is now at the 11.06% retracement level.

Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since February 2, 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.

During the last week, the price has moved above 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) 46.30
Williams' Percentage Range (W%R) 46.60
Lane's Stochastic (%D-Slow) 68.19
Greed/Fear Indicator (GFI) 55.97
Moving Average Converg./Diverg. (MACD) 0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.69
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 79.64
Greed/Fear Indicator (GFI) 70.26
Moving Average Converg./Diverg. (MACD) 1.18
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 50.51
Upper Bollinger Band 47.25
Yearly Trendline Resistance 46.22
Monthly Trendline Resistance 46.17
Weekly Stochastic Crossing 45.61
Price 45.54
20 Day Moving Average 45.08
Daily Stochastic Crossing 45.03
50 Day Moving Average 42.59
Parabolic System 41.80
Lower Bollinger Band 41.63
Quarterly Trendline Support 40.71
Yearly Trendline Support 40.01
Monthly Trendline Support 39.42
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.84
Low Date 02/09/2018
High 46.00
High Date 02/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.84
Low Date 02/09/2018
High 46.00
High Date 02/16/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 46.17
Support 39.42
High 47.85
High Date 01/25/2018
Low 41.84
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 50.51
Support 40.71
Low 37.31
Low Date 11/15/2017
High 47.85
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 46.22
Support 40.01
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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