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- 11/30/2018
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iShares MSCI Brazil Index
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Summary:
Weekly :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaBroken trend resistance line
Daily :Broken trend resistance lineThe price has risen above the Parabolic SARBullish Doji CandlestickThe 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 1.10 points, or 2.84%, and closed at 39.80 on Friday, November 30, 2018. Weekly volume was 6% above average.

Long-term trend: [See EWZ long-term trend chart]
A long-term downtrend had started on January 25, 2018 at 47.85 and reached 30.65 on September 13, 2018. EWZ lost 17.20 points, or 35.95%, in 33 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (30.31) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See EWZ medium-term trend chart]
A medium-term uptrend had started on September 13, 2018 at 30.65 and reached 42.04 on November 2, 2018. EWZ gained -11.39 points, or -37.16%, in 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 39.85 and resistance is at 39.34. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since September 21, 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 downtrend had started on November 2, 2018 at 42.04 and reached 37.18 on November 26, 2018. EWZ lost 4.86 points, or 11.56%, in 24 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (36.85) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

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

The daily MACD line is below its signal line since November 5, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

Candlestick pattern: [See EWZ candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.63
Williams' Percentage Range (W%R) 46.10
Lane's Stochastic (%D-Slow) 60.08
Greed/Fear Indicator (GFI) 55.21
Moving Average Converg./Diverg. (MACD) 0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.60
Williams' Percentage Range (W%R) 19.70
Overbought
Lane's Stochastic (%D-Slow) 78.79
Greed/Fear Indicator (GFI) 72.57
Moving Average Converg./Diverg. (MACD) -0.29
Trading Signals
Description Value Chart
Upper Bollinger Band 41.22
Weekly Stochastic Crossing 40.66
Monthly Trendline Support 39.85
Price 39.80
20 Day Moving Average 39.57
Weekly Trendline Resistance 39.34
Monthly Trendline Resistance 39.34
Daily Stochastic Crossing 39.32
50 Day Moving Average 38.33
Parabolic System 37.43
Lower Bollinger Band 37.33
Weekly Trendline Support 36.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 40.62
High Date 11/16/2018
Low 37.18
Low Date 11/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 39.34
Support 36.85
High 42.04
High Date 11/02/2018
Low 37.18
Low Date 11/26/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 39.34
Support 39.85
Low 30.65
Low Date 09/13/2018
High 42.04
High Date 11/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 31.24
Support 30.31
High 47.85
High Date 01/25/2018
Low 30.65
Low Date 09/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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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