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 United Kingdom Index
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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic bullish divergenceBroken trend support line
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range is oversoldBullish Doji Candlestick
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI United Kingdom Index (EWU). During the week, the EWU dropped -0.52 points, or -1.51%, and closed at 33.97 on Friday, August 10, 2018. It was the worst weekly loss since June 22, 2018. Weekly volume was -34% below average.

Long-term trend: [See EWU long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 13.80 and reached 38.05 on January 25, 2018. EWU gained -24.25 points, or -175.72%, in 82 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (39.48) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. EWU may retest the broken support line. It is considered to be a resistance line now. 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 EWU medium-term trend chart]
A medium-term downtrend had started on May 22, 2018 at 37.42 and reached 33.90 on August 10, 2018. EWU lost 3.52 points, or 9.41%, in 11 weeks. Price is near the trend low.

Weekly Technical Indicators: [See EWU weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish 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 below its signal line since June 15, 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 EWU short-term trend chart]
A short-term downtrend had started on July 31, 2018 at 35.31 and reached 33.90 on August 10, 2018. EWU lost 1.41 points, or 3.99%, in 10 days. Price is near the trend low.

Daily Technical Indicators: [See EWU daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

The daily MACD line is below its signal line since August 9, 2018. 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Candlestick pattern: [See EWU candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.82
Williams' Percentage Range (W%R) 95.00
Strong Oversold
Lane's Stochastic (%D-Slow) 27.02
Greed/Fear Indicator (GFI) 23.94
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.22
Williams' Percentage Range (W%R) 98.00
Strong Oversold
Lane's Stochastic (%D-Slow) 19.51
Oversold Bullish
Greed/Fear Indicator (GFI) 20.68
Moving Average Converg./Diverg. (MACD) 0.05 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Support 39.48
Quarterly Trendline Resistance 36.98
Upper Bollinger Band 35.17
50 Day Moving Average 35.08
Parabolic System 35.05
20 Day Moving Average 34.64
Weekly Stochastic Crossing 34.28
Daily Stochastic Crossing 34.17
Lower Bollinger Band 34.09
Price 33.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 35.31
High Date 07/31/2018
Low 33.90
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.34
High Date 07/10/2018
Low 33.90
Low Date 08/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.42
High Date 05/22/2018
Low 33.90
Low Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 36.98
Support 39.48
Low 13.80
Low Date 06/27/2016
High 38.05
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.88
Low Date 03/09/2009
High 38.05
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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