The Greedy Trader Weekly Analysis
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iShares MSCI EAFE Index
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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineBroken trend resistance linePrice is near the Fibonacci 61.8% retracement level
Daily :Lane's Stochastic is oversoldPrice has crossed below the 50 Day Moving AverageBullish Homing Pigeon CandlestickThe Bollinger Bands are historically far apart
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It was the negative week for the iShares MSCI EAFE Index (EFA). During the week, the EFA dropped -3.96 points, or -5.46%, and closed at 68.59 on Friday, February 09, 2018. Weekly volume was 266% above average.

Long-term trend: [See EFA long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 50.94 and reached 75.27 on January 26, 2018. EFA gained -24.33 points, or -47.76%, in 102 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (63.77) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See EFA medium-term trend chart]
A medium-term uptrend had started on July 7, 2017 at 64.56 and reached 75.27 on January 26, 2018. EFA gained -10.71 points, or -16.59%, in 29 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See EFA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See EFA short-term trend chart]
A short-term downtrend had started on January 26, 2018 at 75.27 and reached 66.89 on February 9, 2018. EFA lost 8.38 points, or 11.13%, in 14 days. The price is now at the 20.29% retracement level.

Daily Technical Indicators: [See EFA 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.

The daily MACD line is below its signal line since January 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (12.42%) is close to one year high (7.97%). It is 257.59% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Candlestick pattern: [See EFA candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.74
Williams' Percentage Range (W%R) 77.80
Lane's Stochastic (%D-Slow) 13.56
Oversold
Greed/Fear Indicator (GFI) 20.17
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.93
Williams' Percentage Range (W%R) 77.80
Lane's Stochastic (%D-Slow) 76.15
Greed/Fear Indicator (GFI) 49.18
Moving Average Converg./Diverg. (MACD) 1.65
Trading Signals
Description Value Chart
Upper Bollinger Band 76.13
20 Day Moving Average 72.95
Weekly Stochastic Crossing 72.81
50 Day Moving Average 71.49
Parabolic System 70.86
Price 68.59
Daily Stochastic Crossing 68.07
Lower Bollinger Band 67.59
Yearly Trendline Support 63.77
Yearly Trendline Resistance 60.16
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 75.27
High Date 01/26/2018
Low 66.89
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.27
High Date 01/26/2018
Low 66.89
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.56
Low Date 07/07/2017
High 75.27
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.10
Low Date 11/18/2016
High 75.27
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 60.16
Support 63.77
Low 50.94
Low Date 02/11/2016
High 75.27
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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