Sign In to see current Signals.
iShares MSCI Brazil Index
Move cursor over the icon to see details.
|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.