The Greedy Trader Weekly Analysis
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Weekly Pattern:Symmetric Triangle
Number of records: 4
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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 :Broken trend support line
Daily :Broken trend support lineStochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock pricePrice is close to the 50 Day Moving Average
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It was the negative week for the iShares MSCI EMU Index (EZU). During the week, the EZU dropped -0.54 points, or -1.20%, and closed at 44.30 on Friday, May 18, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was -44% below 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 trend support level is at 43.81 and resistance is at 47.70. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See EZU medium-term trend chart]
A medium-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 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (44.47) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EZU short-term trend chart]
A short-term uptrend had started on May 1, 2018 at 43.94 and reached 45.02 on May 14, 2018. EZU gained -1.08 points, or -2.46%, in 13 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (44.61) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See EZU 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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 distance between the Bollinger Bands is falling, and it was 1.63% on Friday. It is 78.26% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Price is close to the 50 Day Moving Average. 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) 49.16
Williams' Percentage Range (W%R) 63.90
Lane's Stochastic (%D-Slow) 46.26
Greed/Fear Indicator (GFI) 43.84
Moving Average Converg./Diverg. (MACD) 0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.83
Williams' Percentage Range (W%R) 51.60
Lane's Stochastic (%D-Slow) 78.88
Greed/Fear Indicator (GFI) 59.30
Moving Average Converg./Diverg. (MACD) 0.48
Trading Signals
Description Value Chart
Yearly Trendline Resistance 47.70
Weekly Trendline Resistance 45.26
Parabolic System 45.07
Upper Bollinger Band 44.82
Weekly Trendline Support 44.61
20 Day Moving Average 44.49
Weekly Stochastic Crossing 44.49
Daily Stochastic Crossing 44.48
Quarterly Trendline Support 44.47
Quarterly Trendline Resistance 44.44
Price 44.30
Lower Bollinger Band 44.10
50 Day Moving Average 44.10
Yearly Trendline Support 43.81
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 45.02
High Date 05/14/2018
Low 44.16
Low Date 05/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 45.26
Support 44.61
Low 43.94
Low Date 05/01/2018
High 45.02
High Date 05/14/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.70
Low Date 02/09/2018
High 45.19
High Date 04/18/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 44.44
Support 44.47
High 47.13
High Date 01/25/2018
Low 41.70
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 47.70
Support 43.81
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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