The Greedy Trader Weekly Analysis
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Yearly Pattern:Symmetric Triangle
Number of records: 6
Symbol:  

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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 :Broken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversoldTrend support at 44.18
Daily :Williams' Percentage Range is oversoldDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week after 4 consecutive negative weeks for the iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI gained 0.56 points, or 1.32%, and closed at 42.90 on Friday, July 13, 2018. Weekly volume was 15% 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 price is near the trend support (44.18) 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 FXI medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 53.99 and reached 41.67 on July 5, 2018. FXI lost 12.32 points, or 22.82%, in 22 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (46.50) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See FXI short-term trend chart]
A short-term downtrend had started on June 7, 2018 at 48.93 and reached 41.67 on July 5, 2018. FXI lost 7.26 points, or 14.84%, in 28 days. The price is now at the 16.94% retracement level.

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

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.29
Williams' Percentage Range (W%R) 81.20
Oversold
Lane's Stochastic (%D-Slow) 72.79
Greed/Fear Indicator (GFI) 44.30
Moving Average Converg./Diverg. (MACD) -1.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.03
Williams' Percentage Range (W%R) 88.80
Oversold
Lane's Stochastic (%D-Slow) 21.23
Greed/Fear Indicator (GFI) 24.88
Moving Average Converg./Diverg. (MACD) 0.02
Trading Signals
Description Value Chart
Monthly Trendline Resistance 48.33
Monthly Trendline Support 46.50
Upper Bollinger Band 46.34
50 Day Moving Average 45.88
Quarterly Trendline Support 44.18
20 Day Moving Average 43.35
Price 42.90
Daily Stochastic Crossing 42.76
Weekly Stochastic Crossing 42.47
Parabolic System 41.75
Lower Bollinger Band 40.92
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 48.93
High Date 06/07/2018
Low 41.67
Low Date 07/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.36
High Date 02/26/2018
Low 41.67
Low Date 07/05/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 48.33
Support 46.50
High 53.99
High Date 01/26/2018
Low 41.67
Low Date 07/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 59.26
Support 44.18
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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