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 FTSE/Xinhua China 25 Index
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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Lane's Stochastic is overboughtBroken trend resistance lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a second consecutive positive week for the iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI gained 0.91 points, or 1.92%, and closed at 48.19 on Friday, June 08, 2018. Weekly volume was -11% below 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 trend support level is at 43.55 and resistance is at 58.17. 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 FXI medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 53.99 and reached 44.60 on February 9, 2018. FXI lost 9.39 points, or 17.39%, in 2 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See FXI weekly technical indicators chart]
Weekly technical indicators are neutral.

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 uptrend had started on February 9, 2018 at 44.60 and reached 50.36 on February 26, 2018. FXI gained -5.76 points, or -12.91%, in 17 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (46.21) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See FXI daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.59
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 86.95
Overbought
Greed/Fear Indicator (GFI) 69.43
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.08
Williams' Percentage Range (W%R) 64.00
Lane's Stochastic (%D-Slow) 57.26
Greed/Fear Indicator (GFI) 47.45
Moving Average Converg./Diverg. (MACD) 0.57
Trading Signals
Description Value Chart
Upper Bollinger Band 49.12
Daily Stochastic Crossing 48.60
Price 48.19
20 Day Moving Average 47.75
Weekly Stochastic Crossing 47.67
50 Day Moving Average 47.28
Parabolic System 46.54
Weekly Trendline Support 46.21
Lower Bollinger Band 46.18
Weekly Trendline Resistance 45.87
Quarterly Trendline Support 43.55
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 48.93
High Date 05/14/2018
Low 45.89
Low Date 05/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 45.87
Support 46.21
Low 44.60
Low Date 02/09/2018
High 50.36
High Date 02/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.99
High Date 01/26/2018
Low 44.60
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 58.17
Support 43.55
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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