The Greedy Trader Weekly Analysis
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Weekly Pattern:Symmetric Triangle
Number of records: 0
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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 lineLane's Stochastic is oversold
Daily :
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 gave back -0.16 points, or -0.42%, and closed at 37.96 on Friday, November 09, 2018. Weekly volume was -39% 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 uptrend support line (47.42) 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 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 36.36 on October 26, 2018. EZU lost 10.77 points, or 22.85%, in 39 weeks. The price is now at the 14.86% retracement level.

Weekly Technical Indicators: [See EZU weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 October 26, 2018 at 36.36 and reached 38.68 on November 7, 2018. EZU gained -2.32 points, or -6.38%, in 12 days. The price is now at the 31.03% retracement level.

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

The daily MACD line is above its signal line since October 31, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.62
Williams' Percentage Range (W%R) 46.10
Lane's Stochastic (%D-Slow) 79.47
Greed/Fear Indicator (GFI) 61.31
Moving Average Converg./Diverg. (MACD) -0.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.80
Williams' Percentage Range (W%R) 76.10
Lane's Stochastic (%D-Slow) 15.70
Oversold
Greed/Fear Indicator (GFI) 28.08
Moving Average Converg./Diverg. (MACD) -0.93
Trading Signals
Description Value Chart
Upper Bollinger Band 39.56
50 Day Moving Average 39.50
Daily Stochastic Crossing 38.41
Price 37.96
20 Day Moving Average 37.84
Weekly Stochastic Crossing 37.38
Parabolic System 37.25
Lower Bollinger Band 36.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 36.36
Low Date 10/26/2018
High 38.68
High Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 42.16
High Date 09/26/2018
Low 36.36
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.19
High Date 04/18/2018
Low 36.36
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.13
High Date 01/25/2018
Low 36.36
Low Date 10/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 51.31
Support 47.42
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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