The Greedy Trader Weekly Analysis
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Weekly Pattern:Symmetric Triangle
Number of records: 2
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
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 a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
iShares MSCI EMU Index
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Summary:
Weekly :Stochastic signal line moved below overbought areaLane's Stochastic bearish divergenceWeekly  MACD line has moved below its signal lineTrend support at 43.19
Daily :Lane's Stochastic is oversoldPrice has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI EMU Index (EZU). During the week, the EZU dropped -2.53 points, or -5.58%, and closed at 42.84 on Friday, February 09, 2018. Weekly volume was 176% above average.

Long-term trend: [See EZU long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 29.71 and reached 47.13 on January 25, 2018. EZU gained -17.42 points, or -58.63%, in 82 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (43.19) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See EZU medium-term trend chart]
A medium-term uptrend had started on November 13, 2017 at 42.57 and reached 47.13 on January 25, 2018. EZU gained -4.56 points, or -10.71%, in 10 weeks. The price is now at the 94.08% retracement level.

Weekly Technical Indicators: [See EZU 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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish 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 link to access Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See EZU short-term trend chart]
A short-term downtrend had started on January 25, 2018 at 47.13 and reached 41.70 on February 9, 2018. EZU lost 5.43 points, or 11.52%, in 15 days. The price is now at the 20.99% retracement level.

Daily Technical Indicators: [See EZU daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since January 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.05
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 16.74
Oversold
Greed/Fear Indicator (GFI) 21.26
Moving Average Converg./Diverg. (MACD) 0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.54
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 77.01
Bearish
Greed/Fear Indicator (GFI) 49.27
Moving Average Converg./Diverg. (MACD) 1.16
Trading Signals
Description Value Chart
Yearly Trendline Resistance 48.04
Upper Bollinger Band 47.63
20 Day Moving Average 45.65
Weekly Stochastic Crossing 45.65
Parabolic System 44.79
50 Day Moving Average 44.54
Yearly Trendline Support 43.19
Price 42.84
Daily Stochastic Crossing 42.66
Lower Bollinger Band 42.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.13
High Date 01/25/2018
Low 41.70
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.13
High Date 01/25/2018
Low 41.70
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.57
Low Date 11/13/2017
High 47.13
High Date 01/25/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.35
Low Date 11/23/2016
High 47.13
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 48.04
Support 43.19
Low 29.71
Low Date 06/27/2016
High 47.13
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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