The Greedy Trader Weekly Analysis
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iShares MSCI EMU Index
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Summary:
Weekly :Broken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the iShares MSCI EMU Index (EZU). During the week, the EZU climbed 0.35 points, or 0.81%, and closed at 43.37 on Friday, June 08, 2018. It was the best weekly gain since April 13, 2018. Weekly volume was -8% below average.

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 (44.23) 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 April 18, 2018 at 45.19 and reached 41.69 on May 29, 2018. EZU lost 3.50 points, or 7.75%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 40.74 and resistance is at 44.85. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending 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 May 14, 2018 at 45.02 and reached 41.69 on May 29, 2018. EZU lost 3.33 points, or 7.40%, in 15 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 39.22 and resistance is at 44.30. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

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

The daily MACD line is below its signal line since May 15, 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.

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.

During the last week, the 20 Day Moving Average 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.53
Williams' Percentage Range (W%R) 50.70
Lane's Stochastic (%D-Slow) 73.26
Greed/Fear Indicator (GFI) 54.68
Moving Average Converg./Diverg. (MACD) -0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.02
Williams' Percentage Range (W%R) 69.80
Lane's Stochastic (%D-Slow) 60.21
Greed/Fear Indicator (GFI) 46.13
Moving Average Converg./Diverg. (MACD) 0.38
Trading Signals
Description Value Chart
Yearly Trendline Resistance 48.12
Upper Bollinger Band 45.20
Monthly Trendline Resistance 44.85
Weekly Trendline Resistance 44.30
Yearly Trendline Support 44.23
50 Day Moving Average 44.06
20 Day Moving Average 43.76
Weekly Stochastic Crossing 43.65
Daily Stochastic Crossing 43.48
Price 43.37
Lower Bollinger Band 42.05
Parabolic System 41.82
Monthly Trendline Support 40.74
Weekly Trendline Support 39.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.69
Low Date 05/29/2018
High 43.78
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 44.30
Support 39.22
High 45.02
High Date 05/14/2018
Low 41.69
Low Date 05/29/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 44.85
Support 40.74
High 45.19
High Date 04/18/2018
Low 41.69
Low Date 05/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.13
High Date 01/25/2018
Low 41.69
Low Date 05/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 48.12
Support 44.23
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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