The Greedy Trader Weekly Analysis
Sign In Sep 21, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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 FTSE/Xinhua China 25 Index
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversoldLane's Stochastic bullish divergence
Daily :Stochastic has raised above the signal linePrice is near the Fibonacci 38.2% retracement level
Move cursor over the icon to see details.

It was a first positive week for the iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI climbed 0.32 points, or 0.78%, and closed at 41.25 on Friday, September 14, 2018. Weekly volume was 107% above average.

Long-term trend: [See FXI long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 28.10 and reached 53.99 on January 26, 2018. FXI gained -25.89 points, or -92.14%, in 102 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (45.35) is broken. A broken support is considered to be a long-term bearish signal. 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 FXI medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 53.99 and reached 39.82 on September 11, 2018. FXI lost 14.17 points, or 26.25%, in 32 weeks. The price is now at the 10.09% retracement level.

Weekly Technical Indicators: [See FXI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 February 16, 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 FXI short-term trend chart]
A short-term downtrend had started on August 27, 2018 at 43.75 and reached 39.82 on September 11, 2018. FXI lost 3.93 points, or 8.98%, in 15 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See FXI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since September 4, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.76
Williams' Percentage Range (W%R) 56.20
Lane's Stochastic (%D-Slow) 35.63
Greed/Fear Indicator (GFI) 39.72
Moving Average Converg./Diverg. (MACD) -0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.77
Williams' Percentage Range (W%R) 81.10
Oversold
Lane's Stochastic (%D-Slow) 36.37
Bullish
Greed/Fear Indicator (GFI) 33.21
Moving Average Converg./Diverg. (MACD) -1.06 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Support 45.35
Upper Bollinger Band 43.51
50 Day Moving Average 42.31
20 Day Moving Average 41.90
Parabolic System 41.85
Weekly Stochastic Crossing 41.71
Price 41.25
Daily Stochastic Crossing 40.77
Lower Bollinger Band 39.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 43.75
High Date 08/27/2018
Low 39.82
Low Date 09/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.36
High Date 02/26/2018
Low 39.82
Low Date 09/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.99
High Date 01/26/2018
Low 39.82
Low Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 61.26
Support 45.35
Low 28.10
Low Date 02/11/2016
High 53.99
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.35
Low Date 10/27/2008
High 53.99
High Date 01/26/2018
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.

Copyright© 2004-2016 All rights reserved.