|
Uptrend ExhaustionArchive - 3/15/2024 - Sign In to see current Signals. |
iShares MSCI Emerg Mkts Index (EEM) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the iShares MSCI Emerg Mkts Index (EEM). During the week, the EEM gave back -0.05 points, or -0.12%, and closed at 40.77 on Friday, March 15, 2024. EEM was trading at average weekly trading volume. Long-term trend: [See EEM long-term trend chart] A long-term downtrend had started on January 26, 2023 at 42.53 and reached 36.38 on October 23, 2023. EEM lost 6.15 points, or 14.46%, in 38 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 35.93 and resistance is at 41.37. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend. Medium-term trend: [See EEM medium-term trend chart] A medium-term uptrend had started on October 23, 2023 at 36.38 and reached 41.38 on March 12, 2024. EEM gained -5.00 points, or -13.74%, in 20 weeks. The price is now at the 12.2% retracement level. Weekly Technical Indicators: [See EEM weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since February 2, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help. Short-term trend: [See EEM short-term trend chart] A short-term uptrend had started on January 17, 2024 at 37.48 and reached 41.38 on March 12, 2024. EEM gained -3.90 points, or -10.41%, in 55 days. The chart has formed a Rising Channel chart pattern. Daily Technical Indicators: [See EEM 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. The daily MACD line is above its signal line since March 6, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak. A Parabolic SAR (stop and reversal) indicator (40.52) comes close to the price (40.77). It indicates that the trend is getting weaker. 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.
| |
|
|