The Greedy Trader Weekly Analysis
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Number of records: 15
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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
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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Stochastic signal line moved above oversold area
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL gave back -0.13 points, or -0.39%, and closed at 33.58 on Friday, June 08, 2018. Weekly volume was -14% below average.

Long-term trend: [See EWL long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 27.52 and reached 37.84 on January 25, 2018. EWL gained -10.32 points, or -37.5%, in 102 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 28.64 and resistance is at 39.28. 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 long-term trend.

Medium-term trend: [See EWL medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 37.84 and reached 33.16 on May 31, 2018. EWL lost 4.68 points, or 12.37%, in 18 weeks. The price is now at the 8.97% retracement level.

Weekly Technical Indicators: [See EWL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 below its signal line since February 9, 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 EWL short-term trend chart]
A short-term uptrend had started on May 31, 2018 at 33.16 and reached 33.87 on June 4, 2018. EWL gained -0.71 points, or -2.14%, in 4 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 33.46 and resistance is at 33.72. 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 short-term trend.

Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since May 22, 2018. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.51
Williams' Percentage Range (W%R) 78.90
Lane's Stochastic (%D-Slow) 45.65
Greed/Fear Indicator (GFI) 34.07
Moving Average Converg./Diverg. (MACD) -0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.11
Williams' Percentage Range (W%R) 93.20
Strong Oversold
Lane's Stochastic (%D-Slow) 42.78
Greed/Fear Indicator (GFI) 30.89
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Yearly Trendline Resistance 39.28
Upper Bollinger Band 34.72
50 Day Moving Average 34.12
20 Day Moving Average 34.00
Parabolic System 33.92
Weekly Stochastic Crossing 33.84
Weekly Trendline Resistance 33.72
Price 33.58
Daily Stochastic Crossing 33.50
Weekly Trendline Support 33.46
Lower Bollinger Band 33.04
Yearly Trendline Support 28.64
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 33.76
High Date 06/07/2018
Low 33.40
Low Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 33.72
Support 33.46
Low 33.16
Low Date 05/31/2018
High 33.87
High Date 06/04/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.68
High Date 05/14/2018
Low 33.16
Low Date 05/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.84
High Date 01/25/2018
Low 33.16
Low Date 05/31/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 39.28
Support 28.64
Low 27.52
Low Date 02/11/2016
High 37.84
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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