The Greedy Trader Weekly Analysis
Sign In Jul 2, 2020
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

iShares MSCI Switzerland Index (EWL)

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Summary:
Weekly :Lane's Stochastic is overbought
Daily :The price has risen above the Parabolic SARThe 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 Switzerland Index (EWL). During the week, the EWL dropped -0.45 points, or -1.15%, and closed at 38.72 on Friday, June 26, 2020. Weekly volume was -31% below average.

Long-term trend: [See EWL long-term trend chart]
A long-term uptrend had started on December 27, 2018 at 30.24 and reached 42.26 on February 19, 2020. EWL gained -12.02 points, or -39.75%, in 59 weeks. The price is now at the 29.45% retracement level.

Medium-term trend: [See EWL medium-term trend chart]
A medium-term uptrend had started on March 16, 2020 at 29.55 and reached 40.24 on June 10, 2020. EWL gained -10.69 points, or -36.18%, in 12 weeks. The price is now at the 14.22% retracement level.

Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 22, 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 EWL short-term trend chart]
A short-term downtrend had started on June 10, 2020 at 40.24 and reached 37.67 on June 15, 2020. EWL lost 2.57 points, or 6.39%, in 5 days. The chart has formed a Symmetric Triangle chart pattern.

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

The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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 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) 40.36
Williams' Percentage Range (W%R) 40.90
Lane's Stochastic (%D-Slow) 60.94
Greed/Fear Indicator (GFI) 53.48
Moving Average Converg./Diverg. (MACD) 0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.32
Williams' Percentage Range (W%R) 24.10
Lane's Stochastic (%D-Slow) 83.47
Overbought
Greed/Fear Indicator (GFI) 72.72
Moving Average Converg./Diverg. (MACD) -0.21
Trading Signals
Description Value Chart
Upper Bollinger Band 39.74
Weekly Stochastic Crossing 39.42
Daily Stochastic Crossing 39.22
20 Day Moving Average 39.13
Price 38.72
50 Day Moving Average 37.89
Lower Bollinger Band 37.88
Parabolic System 37.76
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 40.24
High Date 06/10/2020
Low 37.67
Low Date 06/15/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.55
Low Date 03/16/2020
High 40.24
High Date 06/10/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 42.26
High Date 02/19/2020
Low 29.55
Low Date 03/16/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.24
Low Date 12/27/2018
High 42.26
High Date 02/19/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.52
Low Date 02/11/2016
High 42.26
High Date 02/19/2020
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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