The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for downtrend resistance trend trading. Stock trend chart - following long term trend and downtrend resistance.
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iShares MSCI France Index (EWQ)

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Summary:
Weekly :Williams' Percentage Range is overboughtPrice is near the Fibonacci 61.8% retracement level
Daily :Lane's Stochastic is overbought20 Day Moving Average has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe price is close to the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the iShares MSCI France Index (EWQ). During the week, the EWQ climbed 0.06 points, or 0.19%, and closed at 32.29 on Friday, February 14, 2020. Weekly volume was -68% below average.

Long-term trend: [See EWQ long-term trend chart]
A long-term uptrend had started on August 15, 2019 at 28.28 and reached 32.99 on January 17, 2020. EWQ gained -4.71 points, or -16.65%, in 22 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 31.55 and resistance is at 33.55. 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 EWQ medium-term trend chart]
A medium-term downtrend had started on January 17, 2020 at 32.99 and reached 31.27 on January 31, 2020. EWQ lost 1.72 points, or 5.21%, in 2 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See EWQ weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is below its signal line since January 31, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See EWQ short-term trend chart]
A short-term uptrend had started on January 31, 2020 at 31.27 and reached 32.58 on February 12, 2020. EWQ gained -1.31 points, or -4.19%, in 12 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See EWQ 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since February 6, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price is close to the moving average in the center of the Bollinger Bands. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.31
Williams' Percentage Range (W%R) 37.80
Lane's Stochastic (%D-Slow) 82.34
Overbought
Greed/Fear Indicator (GFI) 69.29
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.70
Williams' Percentage Range (W%R) 15.90
Overbought
Lane's Stochastic (%D-Slow) 65.69
Greed/Fear Indicator (GFI) 67.10
Moving Average Converg./Diverg. (MACD) 0.61
Trading Signals
Description Value Chart
Monthly Trendline Resistance 33.55
Upper Bollinger Band 33.02
Daily Stochastic Crossing 32.49
Weekly Stochastic Crossing 32.30
Price 32.29
50 Day Moving Average 32.28
20 Day Moving Average 32.17
Parabolic System 31.71
Monthly Trendline Support 31.55
Lower Bollinger Band 31.48
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.27
Low Date 01/31/2020
High 32.58
High Date 02/12/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.99
High Date 01/17/2020
Low 31.27
Low Date 01/31/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 33.55
Support 31.55
Low 28.28
Low Date 08/15/2019
High 32.99
High Date 01/17/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.53
Low Date 12/26/2018
High 32.99
High Date 01/17/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.00
Low Date 06/27/2016
High 33.73
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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