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 :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergenceA Parabolic SAR indicator is above and near the price
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It was a fifth positive week after 3 consecutive negative weeks for the iShares MSCI France Index (EWQ). During the week, the EWQ climbed 0.25 points, or 0.80%, and closed at 31.68 on Friday, November 8, 2019. Weekly volume was -58% below average.

Long-term trend: [See EWQ long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 33.73 and reached 25.53 on December 26, 2018. EWQ lost 8.20 points, or 24.31%, in 47 weeks. The price is now at the 75% retracement level.

Medium-term trend: [See EWQ medium-term trend chart]
A medium-term uptrend had started on August 15, 2019 at 28.28 and reached 31.74 on November 7, 2019. EWQ gained -3.46 points, or -12.23%, in 12 weeks. Price is near the trend high.

Weekly Technical Indicators: [See EWQ weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 11, 2019. This is an indication that the medium-term trend is up. 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 October 3, 2019 at 28.91 and reached 31.74 on November 7, 2019. EWQ gained -2.83 points, or -9.79%, in 35 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since October 10, 2019. 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 (31.46) comes close to the price (31.68). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.61
Williams' Percentage Range (W%R) 11.80
Overbought
Lane's Stochastic (%D-Slow) 88.29
Overbought Bearish
Greed/Fear Indicator (GFI) 85.05
Overbought
Moving Average Converg./Diverg. (MACD) 0.38 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.16
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 87.52
Overbought
Greed/Fear Indicator (GFI) 82.24
Overbought
Moving Average Converg./Diverg. (MACD) 0.15
Trading Signals
Description Value Chart
Upper Bollinger Band 31.90
Price 31.68
Daily Stochastic Crossing 31.65
Weekly Stochastic Crossing 31.59
Parabolic System 31.46
20 Day Moving Average 31.05
50 Day Moving Average 30.37
Lower Bollinger Band 30.19
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 28.91
Low Date 10/03/2019
High 31.74
High Date 11/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.28
Low Date 08/15/2019
High 31.74
High Date 11/07/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.53
Low Date 12/26/2018
High 31.74
High Date 11/07/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.73
High Date 01/26/2018
Low 25.53
Low Date 12/26/2018
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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