The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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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 FTSE/Xinhua China 25 Index
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Summary:
Weekly :Lane's Stochastic is overboughtLane's Stochastic bearish divergenceBroken trend support line
Daily :Bearish Thrusting CandlestickWilliams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageBroken trend support lineThe price has declined below the moving average in the center of the Bollinger BandsThe period of high volatility of the stock price
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It was the negative week for the iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI dropped -4.96 points, or -9.71%, and closed at 46.12 on Friday, February 09, 2018. Weekly volume was 347% 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 Rising Channel chart pattern. The trend support level is at 43.88 and resistance is at 49.19. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See FXI medium-term trend chart]
A medium-term uptrend had started on December 23, 2016 at 33.91 and reached 53.99 on January 26, 2018. FXI gained -20.08 points, or -59.22%, in 57 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (47.19) 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. FXI 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 medium-term trend.

Weekly Technical Indicators: [See FXI 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. Weekly Lane's Stochastic has bearish 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 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since January 5, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FXI short-term trend chart]
A short-term uptrend had started on December 7, 2017 at 44.48 and reached 53.99 on January 26, 2018. FXI gained -9.51 points, or -21.38%, in 50 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (51.50) 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. FXI 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 short-term trend.

Daily Technical Indicators: [See FXI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since January 31, 2018. The distance between MACD and the signal line is near its high and getting bigger.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is 186.92% higher then one year average. It indicates the period of high volatility of the stock price. 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See FXI candlestick chart pattern]
On Friday the chart has formed a Bearish Thrusting Candlestick pattern. This pattern occurs in a downtrend and it shows a rally failure in a down market. This is a weak continuation pattern. The reliability of the Bearish Thrusting pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Thrusting Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.78
Williams' Percentage Range (W%R) 85.90
Oversold
Lane's Stochastic (%D-Slow) 12.48
Oversold
Greed/Fear Indicator (GFI) 18.44
Oversold
Moving Average Converg./Diverg. (MACD) 0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.63
Williams' Percentage Range (W%R) 74.80
Lane's Stochastic (%D-Slow) 82.28
Overbought Bearish
Greed/Fear Indicator (GFI) 52.08
Moving Average Converg./Diverg. (MACD) 1.87
Trading Signals
Description Value Chart
Upper Bollinger Band 54.13
Weekly Stochastic Crossing 51.96
Weekly Trendline Support 51.50
20 Day Moving Average 50.99
Monthly Trendline Resistance 50.19
Parabolic System 49.97
Quarterly Trendline Resistance 49.19
50 Day Moving Average 48.32
Monthly Trendline Support 47.19
Price 46.12
Daily Stochastic Crossing 45.79
Lower Bollinger Band 45.52
Quarterly Trendline Support 43.88
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.99
High Date 01/26/2018
Low 44.60
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 56.53
Support 51.50
Low 44.48
Low Date 12/07/2017
High 53.99
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 50.19
Support 47.19
Low 33.91
Low Date 12/23/2016
High 53.99
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 49.19
Support 43.88
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.

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