The Greedy Trader Weekly Analysis
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Number of records: 6
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Uptrend Broken Support
Uptrend Broken Support 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. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend 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 support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.
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iShares MSCI Australia Index
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Summary:
Weekly :Broken trend support line
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageBullish Doji CandlestickThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI Australia Index (EWA). During the week, the EWA dropped -0.24 points, or -1.06%, and closed at 22.48 on Friday, August 10, 2018. It was the worst weekly loss since June 15, 2018. Weekly volume was -38% below average.

Long-term trend: [See EWA long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 24.18 and reached 21.54 on April 2, 2018. EWA lost 2.64 points, or 10.92%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 22.16 and resistance is at 22.55. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See EWA medium-term trend chart]
A medium-term uptrend had started on June 19, 2018 at 21.91 and reached 23.18 on July 9, 2018. EWA gained -1.27 points, or -5.80%, in 2 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (23.22) 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. EWA 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 EWA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 6, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EWA short-term trend chart]
A short-term downtrend had started on July 31, 2018 at 23.04 and reached 22.42 on August 10, 2018. EWA lost 0.62 points, or 2.69%, in 10 days. The price is now at the 9.68% retracement level.

Daily Technical Indicators: [See EWA 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. 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 Williams' Percentage Range help.

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 distance between the Bollinger Bands (2.14%) is close to one year low (2.63%). It is 53.60% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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 EWA 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) 45.98
Williams' Percentage Range (W%R) 90.30
Strong Oversold
Lane's Stochastic (%D-Slow) 43.60
Greed/Fear Indicator (GFI) 33.09
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.39
Williams' Percentage Range (W%R) 42.70
Lane's Stochastic (%D-Slow) 68.19
Greed/Fear Indicator (GFI) 57.98
Moving Average Converg./Diverg. (MACD) -0.02
Trading Signals
Description Value Chart
Weekly Trendline Support 23.22
Parabolic System 23.03
Upper Bollinger Band 22.98
Weekly Trendline Resistance 22.97
Weekly Stochastic Crossing 22.75
20 Day Moving Average 22.75
Daily Stochastic Crossing 22.70
50 Day Moving Average 22.69
Quarterly Trendline Resistance 22.55
Lower Bollinger Band 22.50
Price 22.48
Quarterly Trendline Support 22.16
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 23.04
High Date 07/31/2018
Low 22.42
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 22.97
Support 23.22
Low 21.91
Low Date 06/19/2018
High 23.18
High Date 07/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.54
Low Date 04/02/2018
High 23.18
High Date 07/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 22.55
Support 22.16
High 24.18
High Date 01/26/2018
Low 21.54
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.08
Low Date 01/15/2016
High 24.18
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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