The Greedy Trader Weekly Analysis
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Yearly Pattern:Symmetric Triangle
Number of records: 5
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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 FTSE/Xinhua China 25 Index
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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageLane's Stochastic is oversoldThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI dropped -1.95 points, or -4.55%, and closed at 40.88 on Friday, October 05, 2018. It was the worst weekly loss since June 22, 2018. Weekly volume was 44% above average.

Long-term trend: [See FXI long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 28.10 and reached 53.99 on January 26, 2018. FXI gained -25.89 points, or -92.14%, in 102 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (45.74) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FXI may retest the broken support line. It is considered to be a resistance line now. 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 FXI medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 53.99 and reached 39.82 on September 11, 2018. FXI lost 14.17 points, or 26.25%, in 32 weeks. The price is now at the 7.48% retracement level.

Weekly Technical Indicators: [See FXI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 16, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See FXI short-term trend chart]
A short-term uptrend had started on September 11, 2018 at 39.82 and reached 43.63 on September 26, 2018. FXI gained -3.81 points, or -9.57%, in 15 days. The chart has formed a Rising Pennant chart pattern.

Daily Technical Indicators: [See FXI 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. 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 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 48.31
Williams' Percentage Range (W%R) 69.00
Lane's Stochastic (%D-Slow) 16.78
Oversold
Greed/Fear Indicator (GFI) 32.02
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.26
Williams' Percentage Range (W%R) 87.00
Oversold
Lane's Stochastic (%D-Slow) 46.64
Greed/Fear Indicator (GFI) 35.31
Moving Average Converg./Diverg. (MACD) -1.16
Trading Signals
Description Value Chart
Quarterly Trendline Support 45.74
Upper Bollinger Band 43.93
Parabolic System 43.17
50 Day Moving Average 42.17
20 Day Moving Average 41.94
Weekly Stochastic Crossing 41.75
Price 40.88
Daily Stochastic Crossing 40.71
Lower Bollinger Band 40.13
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Low 39.82
Low Date 09/11/2018
High 43.63
High Date 09/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.36
High Date 02/26/2018
Low 39.82
Low Date 09/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.99
High Date 01/26/2018
Low 39.82
Low Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 61.95
Support 45.74
Low 28.10
Low Date 02/11/2016
High 53.99
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.35
Low Date 10/27/2008
High 53.99
High Date 01/26/2018
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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