The Greedy Trader Weekly Analysis
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iShares Cohen & Steers Realty Majors
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergence
Daily :The price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF dropped -1.78 points, or -1.74%, and closed at 100.65 on Friday, August 10, 2018. It was the worst weekly loss since May 18, 2018. Weekly volume was -28% below average.

Long-term trend: [See ICF long-term trend chart]
A long-term downtrend had started on July 29, 2016 at 112.45 and reached 88.40 on February 9, 2018. ICF lost 24.05 points, or 21.39%, in 80 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 84.41 and resistance is at 102.76. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See ICF medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 88.40 and reached 102.88 on August 6, 2018. ICF gained -14.48 points, or -16.38%, in 25 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 94.81 and resistance is at 104.64. 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 ICF weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 27, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ICF short-term trend chart]
A short-term uptrend had started on July 24, 2018 at 98.05 and reached 102.88 on August 6, 2018. ICF gained -4.83 points, or -4.93%, in 13 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 98.41 and resistance is at 104.40. 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 short-term trend.

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

The daily MACD line is above its signal line since July 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.84
Williams' Percentage Range (W%R) 26.70
Lane's Stochastic (%D-Slow) 72.65
Greed/Fear Indicator (GFI) 68.59
Moving Average Converg./Diverg. (MACD) 0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.33
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 79.79
Bearish
Greed/Fear Indicator (GFI) 77.00
Moving Average Converg./Diverg. (MACD) 0.38 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 104.64
Weekly Trendline Resistance 104.40
Upper Bollinger Band 103.19
Parabolic System 102.98
Yearly Trendline Resistance 102.76
Daily Stochastic Crossing 101.88
Weekly Stochastic Crossing 101.38
Price 100.65
20 Day Moving Average 100.31
50 Day Moving Average 99.38
Weekly Trendline Support 98.41
Lower Bollinger Band 98.06
Monthly Trendline Support 94.81
Yearly Trendline Support 84.41
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 102.88
High Date 08/06/2018
Low 100.63
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 104.40
Support 98.41
Low 98.05
Low Date 07/24/2018
High 102.88
High Date 08/06/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 104.64
Support 94.81
Low 88.40
Low Date 02/09/2018
High 102.88
High Date 08/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.37
High Date 12/18/2017
Low 88.40
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 102.76
Support 84.41
High 112.45
High Date 07/29/2016
Low 88.40
Low Date 02/09/2018
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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