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- 4/19/2024 -
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MSCI Inc (MSCI) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the MSCI Inc (MSCI). During the week, the MSCI dropped -16.55 points, or -3.14%, and closed at 510.07 on Friday, April 19, 2024. Weekly volume was 60% above average.

MSCI is a member of Financials Sector. Financials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See MSCI long-term trend chart]
A long-term uptrend had started on May 24, 2023 at 451.55 and reached 617.39 on January 30, 2024. MSCI gained -165.84 points, or -36.73%, in 35 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 466.77 and resistance is at 640.42. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See MSCI medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 458.99 and reached 617.39 on January 30, 2024. MSCI gained -158.40 points, or -34.51%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (612.72) 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. MSCI 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 medium-term trend.

Weekly Technical Indicators: [See MSCI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 8, 2024. Use the following link to access a MACD help.

Short-term trend: [See MSCI short-term trend chart]
A short-term downtrend had started on January 30, 2024 at 617.39 and reached 499.77 on April 18, 2024. MSCI lost 117.62 points, or 19.05%, in 79 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See MSCI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.46
Williams' Percentage Range (W%R) 87.10
Oversold
Lane's Stochastic (%D-Slow) 10.36
Oversold
Greed/Fear Indicator (GFI) 16.92
Oversold
Moving Average Converg./Diverg. (MACD) -9.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.70
Williams' Percentage Range (W%R) 93.00
Strong Oversold
Lane's Stochastic (%D-Slow) 15.77
Oversold
Greed/Fear Indicator (GFI) 22.31
Moving Average Converg./Diverg. (MACD) 10.61
Trading Signals
Description Value Chart
Upper Bollinger Band 567.93
50 Day Moving Average 552.99
20 Day Moving Average 536.94
Parabolic System 525.41
Price 510.07
Weekly Stochastic Crossing 509.07
Daily Stochastic Crossing 505.52
Lower Bollinger Band 498.19
Monthly Trendline Support 466.77
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Financial Exchanges & Data 28
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 617.39
High Date 01/30/2024
Low 499.77
Low Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 718.88
Support 612.72
Low 458.99
Low Date 11/01/2023
High 617.39
High Date 01/30/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 640.42
Support 466.77
Low 451.55
Low Date 05/24/2023
High 617.39
High Date 01/30/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 376.41
Low Date 05/09/2022
High 617.39
High Date 01/30/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 679.85
High Date 11/16/2021
Low 376.41
Low Date 05/09/2022
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.