The Greedy Trader Weekly Analysis
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iShares MSCI Italy Index
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Summary:
Weekly :Lane's Stochastic is overbought
Daily :Price has crossed below the 50 Day Moving AverageBullish Harami CandlestickPrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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 -1.50 points, or -4.52%, and closed at 31.70 on Friday, February 09, 2018. Weekly volume was 115% 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 11.12% retracement level.

Medium-term trend: [See EWI medium-term trend chart]
A medium-term uptrend had started on November 15, 2017 at 30.25 and reached 34.44 on January 26, 2018. EWI gained -4.19 points, or -13.85%, in 10 weeks. The price is now at the 65.39% retracement level.

Weekly Technical Indicators: [See EWI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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.

The weekly MACD line is above its signal line since January 19, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 26, 2018 at 34.44 and reached 30.74 on February 9, 2018. EWI lost 3.70 points, or 10.74%, in 14 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since January 31, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below 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.

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.

Candlestick pattern: [See EWI candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.84
Williams' Percentage Range (W%R) 75.70
Lane's Stochastic (%D-Slow) 21.36
Greed/Fear Indicator (GFI) 26.51
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.22
Williams' Percentage Range (W%R) 66.80
Lane's Stochastic (%D-Slow) 83.10
Overbought
Greed/Fear Indicator (GFI) 56.58
Moving Average Converg./Diverg. (MACD) 1.09
Trading Signals
Description Value Chart
Upper Bollinger Band 34.45
Weekly Stochastic Crossing 33.60
20 Day Moving Average 33.32
Parabolic System 33.21
50 Day Moving Average 31.94
Price 31.70
Daily Stochastic Crossing 31.64
Lower Bollinger Band 31.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 34.23
High Date 02/01/2018
Low 30.74
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.44
High Date 01/26/2018
Low 30.74
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.25
Low Date 11/15/2017
High 34.44
High Date 01/26/2018
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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