The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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iShares MSCI Italy Index
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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal line
Daily :The price is below the lower Bollinger BandLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldPrice has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI dropped -1.56 points, or -4.65%, and closed at 31.98 on Friday, May 18, 2018. Weekly volume was 109% above 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 34.44 on January 26, 2018. EWI gained -24.63 points, or -251.07%, in 82 weeks. The price is now at the 9.99% retracement level.

Medium-term trend: [See EWI medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 30.74 and reached 34.27 on April 24, 2018. EWI gained -3.53 points, or -11.48%, in 10 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 31.24 and resistance is at 34.78. 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 medium-term trend.

Weekly Technical Indicators: [See EWI 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 EWI short-term trend chart]
A short-term downtrend had started on April 24, 2018 at 34.27 and reached 31.95 on May 18, 2018. EWI lost 2.32 points, or 6.77%, in 24 days. Price is near the trend low.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 27, 2018. This is an indication that the short-term trend is down.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.44
Williams' Percentage Range (W%R) 96.10
Strong Oversold
Lane's Stochastic (%D-Slow) 18.09
Oversold
Greed/Fear Indicator (GFI) 15.47
Oversold
Moving Average Converg./Diverg. (MACD) 0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.49
Williams' Percentage Range (W%R) 59.10
Lane's Stochastic (%D-Slow) 79.56
Greed/Fear Indicator (GFI) 56.89
Moving Average Converg./Diverg. (MACD) 0.81
Trading Signals
Description Value Chart
Monthly Trendline Resistance 34.78
Upper Bollinger Band 34.32
Weekly Stochastic Crossing 33.54
20 Day Moving Average 33.50
Parabolic System 33.49
50 Day Moving Average 33.00
Lower Bollinger Band 32.15
Daily Stochastic Crossing 32.15
Price 31.98
Monthly Trendline Support 31.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 34.16
High Date 05/07/2018
Low 31.95
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.27
High Date 04/24/2018
Low 31.95
Low Date 05/18/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 34.78
Support 31.24
Low 30.74
Low Date 02/09/2018
High 34.27
High Date 04/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.81
Low Date 06/27/2016
High 34.44
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.21
Low Date 07/24/2012
High 34.44
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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