The Greedy Trader Weekly Analysis
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iShares MSCI Canada Index
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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Canada Index (EWC). During the week, the EWC dropped -0.46 points, or -1.57%, and closed at 28.78 on Friday, August 10, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was -31% below average.

Long-term trend: [See EWC long-term trend chart]
A long-term downtrend had started on January 5, 2018 at 30.60 and reached 26.91 on April 4, 2018. EWC lost 3.69 points, or 12.06%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 28.44 and resistance is at 29.02. 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 larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 26.91 and reached 29.61 on May 22, 2018. EWC gained -2.70 points, or -10.03%, in 6 weeks. The price is now at the 30.74% retracement level.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term downtrend had started on August 7, 2018 at 29.43 and reached 28.70 on August 10, 2018. EWC lost 0.73 points, or 2.48%, in 3 days. The price is now at the 10.96% retracement level.

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

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 distance between the Bollinger Bands (2.22%) is close to one year low (2.05%). It is 51.65% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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. 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) 50.00
Williams' Percentage Range (W%R) 60.50
Lane's Stochastic (%D-Slow) 40.72
Greed/Fear Indicator (GFI) 43.41
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.40
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 70.61
Greed/Fear Indicator (GFI) 64.59
Moving Average Converg./Diverg. (MACD) 0.08
Trading Signals
Description Value Chart
Parabolic System 29.31
Upper Bollinger Band 29.30
Weekly Stochastic Crossing 29.02
20 Day Moving Average 29.02
Quarterly Trendline Resistance 29.02
Daily Stochastic Crossing 28.90
50 Day Moving Average 28.79
Price 28.78
Lower Bollinger Band 28.67
Quarterly Trendline Support 28.44
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.43
High Date 08/07/2018
Low 28.70
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.93
Low Date 06/28/2018
High 29.43
High Date 08/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.91
Low Date 04/04/2018
High 29.61
High Date 05/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 29.02
Support 28.44
High 30.60
High Date 01/05/2018
Low 26.91
Low Date 04/04/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.07
Low Date 01/20/2016
High 30.60
High Date 01/05/2018
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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