The Greedy Trader Weekly Analysis
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iShares MSCI Germany Index
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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Daily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 61.8% retracement levelThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the iShares MSCI Germany Index (EWG). During the week, the EWG climbed 0.19 points, or 0.58%, and closed at 33.14 on Friday, December 08, 2017. Weekly volume was -9% below average.

Long-term trend: [See EWG long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 22.51 and reached 33.50 on November 2, 2017. EWG gained -10.99 points, or -48.82%, in 70 weeks. Price is near the trend high.

Medium-term trend: [See EWG medium-term trend chart]
A medium-term uptrend had started on November 13, 2017 at 32.37 and reached 33.42 on November 29, 2017. EWG gained -1.05 points, or -3.24%, in 2 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 32.67 and resistance is at 33.88. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since November 17, 2017. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See EWG short-term trend chart]
A short-term downtrend had started on November 29, 2017 at 33.42 and reached 32.67 on December 6, 2017. EWG lost 0.75 points, or 2.24%, in 7 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EWG 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 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.

During the last week, the price has moved above 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.

Price is close to the 50 Day Moving Average. 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) 58.92
Williams' Percentage Range (W%R) 25.70
Lane's Stochastic (%D-Slow) 43.64
Greed/Fear Indicator (GFI) 58.95
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.80
Williams' Percentage Range (W%R) 10.50
Overbought
Lane's Stochastic (%D-Slow) 69.11
Greed/Fear Indicator (GFI) 71.95
Moving Average Converg./Diverg. (MACD) 0.90
Trading Signals
Description Value Chart
Weekly Trendline Resistance 33.88
Upper Bollinger Band 33.39
Price 33.14
Weekly Stochastic Crossing 33.11
Daily Stochastic Crossing 32.98
20 Day Moving Average 32.95
50 Day Moving Average 32.86
Weekly Trendline Support 32.67
Parabolic System 32.64
Lower Bollinger Band 32.59
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 33.42
High Date 11/29/2017
Low 32.67
Low Date 12/06/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 33.88
Support 32.67
Low 32.37
Low Date 11/13/2017
High 33.42
High Date 11/29/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.08
Low Date 06/30/2017
High 33.50
High Date 11/02/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.55
Low Date 12/01/2016
High 33.50
High Date 11/02/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.51
Low Date 06/27/2016
High 33.50
High Date 11/02/2017
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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