The Greedy Trader Weekly Analysis
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iShares MSCI Italy Index
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Summary:
Weekly :Broken trend support line
Daily :Price has crossed below the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI gave back -0.29 points, or -0.93%, and closed at 30.86 on Friday, December 01, 2017. Weekly volume was -35% below average.

Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 9.81 and reached 31.61 on September 22, 2017. EWI gained -21.80 points, or -222.22%, in 64 weeks. Price is near the trend high.

Medium-term trend: [See EWI medium-term trend chart]
A medium-term downtrend had started on November 2, 2017 at 31.48 and reached 30.25 on November 15, 2017. EWI lost 1.23 points, or 3.91%, in 1 weeks. The chart has formed a Rising Pennant chart pattern. The downtrend support line (30.97) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since February 17, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EWI short-term trend chart]
A short-term uptrend had started on November 15, 2017 at 30.25 and reached 31.25 on November 24, 2017. EWI gained -1.00 points, or -3.31%, in 9 days. The chart has formed a Rising Pennant chart pattern.

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

The daily MACD line is above its signal line since November 22, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.5% on Friday. It is 51.67% lower than one year average. It indicates the period of low volatility of the stock price. 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) 51.72
Williams' Percentage Range (W%R) 47.70
Lane's Stochastic (%D-Slow) 62.37
Greed/Fear Indicator (GFI) 55.45
Moving Average Converg./Diverg. (MACD) -0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.05
Williams' Percentage Range (W%R) 26.30
Lane's Stochastic (%D-Slow) 42.80
Greed/Fear Indicator (GFI) 55.83
Moving Average Converg./Diverg. (MACD) 1.41
Trading Signals
Description Value Chart
Upper Bollinger Band 31.35
Weekly Trendline Resistance 31.19
Daily Stochastic Crossing 31.00
Weekly Trendline Support 30.97
50 Day Moving Average 30.91
Price 30.86
20 Day Moving Average 30.79
Weekly Stochastic Crossing 30.72
Parabolic System 30.52
Lower Bollinger Band 30.28
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Low 30.25
Low Date 11/15/2017
High 31.25
High Date 11/24/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Support
Resistance 31.19
Support 30.97
High 31.48
High Date 11/02/2017
Low 30.25
Low Date 11/15/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.61
High Date 09/22/2017
Low 30.25
Low Date 11/15/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.81
Low Date 06/27/2016
High 31.61
High Date 09/22/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.21
Low Date 07/24/2012
High 31.61
High Date 09/22/2017
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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