The Greedy Trader Weekly Analysis
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iShares MSCI France Index (EWQ)

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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :The price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the iShares MSCI France Index (EWQ). During the week, the EWQ gained 0.88 points, or 3.26%, and closed at 27.84 on Thursday, July 2, 2020. Weekly volume was -56% below average.

Long-term trend: [See EWQ long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 33.73 and reached 19.29 on March 18, 2020. EWQ lost 14.44 points, or 42.81%, in 111 weeks. The price is now at the 59.21% retracement level.

Medium-term trend: [See EWQ medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 19.29 and reached 29.23 on June 8, 2020. EWQ gained -9.94 points, or -51.53%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 25.15 and resistance is at 32.02. 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 EWQ 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.

The weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EWQ short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 29.23 and reached 26.35 on June 15, 2020. EWQ lost 2.88 points, or 9.85%, in 7 days. The price is now at the 51.74% retracement level.

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

The daily MACD line is below its signal line since June 12, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.20
Williams' Percentage Range (W%R) 42.40
Lane's Stochastic (%D-Slow) 52.77
Greed/Fear Indicator (GFI) 56.87
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.26
Williams' Percentage Range (W%R) 34.40
Lane's Stochastic (%D-Slow) 79.78
Greed/Fear Indicator (GFI) 68.06
Moving Average Converg./Diverg. (MACD) -1.25
Trading Signals
Description Value Chart
Monthly Trendline Resistance 32.02
Upper Bollinger Band 28.51
Price 27.84
Daily Stochastic Crossing 27.64
20 Day Moving Average 27.56
Weekly Stochastic Crossing 27.56
Parabolic System 26.32
50 Day Moving Average 25.78
Lower Bollinger Band 25.77
Monthly Trendline Support 25.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 26.35
Low Date 06/15/2020
High 28.17
High Date 07/02/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.23
High Date 06/08/2020
Low 26.35
Low Date 06/15/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 32.02
Support 25.15
Low 19.29
Low Date 03/18/2020
High 29.23
High Date 06/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.99
High Date 01/17/2020
Low 19.29
Low Date 03/18/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.73
High Date 01/26/2018
Low 19.29
Low Date 03/18/2020
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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