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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.

Downtrend exhaustion stock alert presents a stock market trading strategy based on combination of timing signals, technical indicators, trend analysis and pattern recognition. Stock market alert is a warning signal. It indicates that long term downtrend is exhausted and probability of long term trend reversal is high. Downtrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for undervalued stocks. The strategy is based on taking long position on anticipation of downtrend reversal. Downtrend exhaustion timing strategy and stock trading system presents alerts for S&P 500 index members, ETFs and market indices. As S&P 500 trading system it shows excellent results for index timing also.

Downtrend Exhaustion

Archive
- 3/15/2024 -
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iShares MSCI Pacific ex-Japan (EPP) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtMACD bearish divergencePrice is near the Fibonacci 23.6% retracement level
Daily :The price has fallen below the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP dropped -0.78 points, or -1.80%, and closed at 42.57 on Friday, March 15, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was -43% below average.

Long-term trend: [See EPP long-term trend chart]
A long-term downtrend had started on June 4, 2021 at 53.97 and reached 36.63 on October 13, 2022. EPP lost 17.34 points, or 32.13%, in 70 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 38.57 and resistance is at 43.32. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See EPP medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 38.05 and reached 43.80 on December 28, 2023. EPP gained -5.75 points, or -15.11%, in 8 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See EPP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EPP short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 40.59 and reached 43.75 on March 8, 2024. EPP gained -3.16 points, or -7.79%, in 24 days. Price is near the Fibonacci 38.2% retracement level.

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

The daily MACD line is above its signal line since February 14, 2024. 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.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.81
Williams' Percentage Range (W%R) 58.70
Lane's Stochastic (%D-Slow) 59.26
Greed/Fear Indicator (GFI) 51.13
Moving Average Converg./Diverg. (MACD) 0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.12
Williams' Percentage Range (W%R) 19.60
Overbought
Lane's Stochastic (%D-Slow) 62.59
Greed/Fear Indicator (GFI) 64.11
Moving Average Converg./Diverg. (MACD) 0.11 Bearish
Trading Signals
Description Value Chart
Parabolic System 43.79
Upper Bollinger Band 43.52
Yearly Trendline Resistance 43.32
Daily Stochastic Crossing 43.22
Weekly Stochastic Crossing 42.76
20 Day Moving Average 42.61
Price 42.57
50 Day Moving Average 42.04
Lower Bollinger Band 41.69
Yearly Trendline Support 38.57
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 43.75
High Date 03/08/2024
Low 42.48
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.59
Low Date 02/13/2024
High 43.75
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.22
Low Date 01/17/2024
High 43.75
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.05
Low Date 10/27/2023
High 43.80
High Date 12/28/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 43.32
Support 38.57
High 53.97
High Date 06/04/2021
Low 36.63
Low Date 10/13/2022
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.