The Greedy Trader Weekly Analysis
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iShares MSCI EMU Index
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Summary:
Weekly :Broken trend support line
Daily :Stochastic has raised above the signal lineA Parabolic SAR indicator is below and near the pricePrice is near the Fibonacci 38.2% retracement level
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It was a first positive week for the iShares MSCI EMU Index (EZU). During the week, the EZU gained 0.87 points, or 2.18%, and closed at 40.75 on Friday, September 14, 2018. EZU was trading at average weekly trading volume.

Long-term trend: [See EZU long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 29.71 and reached 47.13 on January 25, 2018. EZU gained -17.42 points, or -58.63%, in 82 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (46.24) is broken. A broken support is considered to be a long-term bearish signal. 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 long-term trend.

Medium-term trend: [See EZU medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 47.13 and reached 39.42 on August 15, 2018. EZU lost 7.71 points, or 16.36%, in 28 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 39.19 and resistance is at 41.86. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since February 2, 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 EZU short-term trend chart]
A short-term downtrend had started on August 28, 2018 at 42.35 and reached 39.76 on September 7, 2018. EZU lost 2.59 points, or 6.12%, in 10 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EZU daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 daily MACD line is below its signal line since September 4, 2018. 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.

A Parabolic SAR (stop and reversal) indicator (40.93) comes close to the price (40.75). It indicates that the trend is getting weaker. 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) 40.76
Williams' Percentage Range (W%R) 58.70
Lane's Stochastic (%D-Slow) 44.44
Greed/Fear Indicator (GFI) 42.17
Moving Average Converg./Diverg. (MACD) -0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.82
Williams' Percentage Range (W%R) 74.80
Lane's Stochastic (%D-Slow) 38.17
Greed/Fear Indicator (GFI) 37.01
Moving Average Converg./Diverg. (MACD) -0.51
Trading Signals
Description Value Chart
Yearly Trendline Support 46.24
Upper Bollinger Band 42.27
Quarterly Trendline Resistance 41.86
50 Day Moving Average 41.47
20 Day Moving Average 40.98
Weekly Stochastic Crossing 40.97
Parabolic System 40.93
Price 40.75
Daily Stochastic Crossing 40.39
Lower Bollinger Band 39.55
Quarterly Trendline Support 39.19
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 39.76
Low Date 09/07/2018
High 41.01
High Date 09/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 42.35
High Date 08/28/2018
Low 39.76
Low Date 09/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.19
High Date 04/18/2018
Low 39.42
Low Date 08/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 41.86
Support 39.19
High 47.13
High Date 01/25/2018
Low 39.42
Low Date 08/15/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 50.13
Support 46.24
Low 29.71
Low Date 06/27/2016
High 47.13
High Date 01/25/2018
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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