The Greedy Trader Weekly Analysis
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Archive
- 12/1/2017
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iShares MSCI Brazil Index
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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement level
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares MSCI Brazil Index (EWZ). During the week, the EWZ dropped -1.73 points, or -4.25%, and closed at 39.00 on Friday, December 01, 2017. Weekly volume was 38% 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 44.03 on October 5, 2017. EWZ gained -26.73 points, or -154.51%, in 89 weeks. The price is now at the 18.82% retracement level.

Medium-term trend: [See EWZ medium-term trend chart]
A medium-term downtrend had started on October 5, 2017 at 44.03 and reached 37.31 on November 15, 2017. EWZ lost 6.72 points, or 15.26%, in 5 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See EWZ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 3, 2017. This is an indication that the medium-term trend is down. 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 November 15, 2017 at 37.31 and reached 41.36 on November 28, 2017. EWZ gained -4.05 points, or -10.85%, in 13 days. The price is now at the 58.27% retracement level.

Daily Technical Indicators: [See EWZ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 daily MACD line is above its signal line since November 17, 2017. 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.

During the last week, the price has declined below 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) 51.10
Williams' Percentage Range (W%R) 55.80
Lane's Stochastic (%D-Slow) 48.47
Greed/Fear Indicator (GFI) 47.92
Moving Average Converg./Diverg. (MACD) -0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.09
Williams' Percentage Range (W%R) 63.80
Lane's Stochastic (%D-Slow) 25.91
Greed/Fear Indicator (GFI) 35.61
Moving Average Converg./Diverg. (MACD) 1.26
Trading Signals
Description Value Chart
Upper Bollinger Band 41.78
Parabolic System 41.34
50 Day Moving Average 41.00
20 Day Moving Average 39.63
Daily Stochastic Crossing 39.59
Weekly Stochastic Crossing 39.03
Price 39.00
Lower Bollinger Band 38.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 41.36
High Date 11/28/2017
Low 38.49
Low Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.31
Low Date 11/15/2017
High 41.36
High Date 11/28/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.03
High Date 10/05/2017
Low 37.31
Low Date 11/15/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.78
Low Date 05/18/2017
High 44.03
High Date 10/05/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.30
Low Date 01/20/2016
High 44.03
High Date 10/05/2017
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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