The Greedy Trader Weekly Analysis
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iShares MSCI Italy Index
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Summary:
Weekly :Relative Strength Index oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic bullish divergence
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandWilliams' Percentage Range is oversold
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It was the negative week for the iShares MSCI Italy Index (EWI). During the week, the EWI dropped -1.10 points, or -3.81%, and closed at 27.76 on Friday, August 10, 2018. It was the worst weekly loss since June 22, 2018. Weekly volume was -49% below average.

Long-term trend: [See EWI long-term trend chart]
A long-term uptrend had started on July 24, 2012 at 9.21 and reached 34.44 on January 26, 2018. EWI gained -25.23 points, or -273.94%, in 287 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 9.91 and resistance is at 36.36. 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 long-term trend.

Medium-term trend: [See EWI medium-term trend chart]
A medium-term downtrend had started on April 24, 2018 at 34.27 and reached 27.65 on August 10, 2018. EWI lost 6.62 points, or 19.32%, in 15 weeks. Price is near the trend low.

Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 11, 2018. This is an indication that the medium-term trend is down. 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 July 31, 2018 at 30.05 and reached 27.65 on August 10, 2018. EWI lost 2.40 points, or 7.99%, in 10 days. Price is near the trend low.

Daily Technical Indicators: [See EWI daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.75
Williams' Percentage Range (W%R) 94.60
Strong Oversold
Lane's Stochastic (%D-Slow) 22.80
Greed/Fear Indicator (GFI) 20.99
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 16.18
Oversold
Williams' Percentage Range (W%R) 98.00
Strong Oversold
Lane's Stochastic (%D-Slow) 23.19
Bullish
Greed/Fear Indicator (GFI) 20.88
Moving Average Converg./Diverg. (MACD) -0.39 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 29.88
Parabolic System 29.69
50 Day Moving Average 29.39
20 Day Moving Average 29.13
Weekly Stochastic Crossing 28.33
Lower Bollinger Band 28.24
Daily Stochastic Crossing 28.14
Price 27.76
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 30.05
High Date 07/31/2018
Low 27.65
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.27
High Date 04/24/2018
Low 27.65
Low Date 08/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.44
High Date 01/26/2018
Low 27.65
Low Date 08/10/2018
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 Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 36.36
Support 9.91
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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