The Greedy Trader Weekly Analysis
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Number of records: 2
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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 :Trend resistance at 30.66
Daily :Daily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was the negative week for the iShares MSCI France Index (EWQ). During the week, the EWQ gave back -0.04 points, or -0.13%, and closed at 30.62 on Friday, July 12, 2019. Weekly volume was -11% 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 chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (30.66). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See EWQ medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 25.53 and reached 31.34 on April 22, 2019. EWQ gained -5.81 points, or -22.76%, in 16 weeks. The price is now at the 12.39% retracement level.

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

The weekly MACD line is above its signal line since January 25, 2019. 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 EWQ short-term trend chart]
A short-term uptrend had started on May 31, 2019 at 28.76 and reached 30.98 on July 3, 2019. EWQ gained -2.22 points, or -7.72%, in 33 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 30.47 and resistance is at 31.08. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See EWQ daily technical indicators chart]
Daily technical indicators are neutral.

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

A Parabolic SAR (stop and reversal) indicator (30.38) comes close to the price (30.62). 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) 54.44
Williams' Percentage Range (W%R) 26.10
Lane's Stochastic (%D-Slow) 29.02
Greed/Fear Indicator (GFI) 52.45
Moving Average Converg./Diverg. (MACD) 0.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.78
Williams' Percentage Range (W%R) 29.80
Lane's Stochastic (%D-Slow) 70.40
Greed/Fear Indicator (GFI) 63.49
Moving Average Converg./Diverg. (MACD) 0.26
Trading Signals
Description Value Chart
Weekly Trendline Resistance 31.08
Upper Bollinger Band 31.06
Quarterly Trendline Resistance 30.66
Price 30.62
Daily Stochastic Crossing 30.55
Weekly Trendline Support 30.47
20 Day Moving Average 30.45
Parabolic System 30.38
Weekly Stochastic Crossing 30.37
50 Day Moving Average 30.06
Lower Bollinger Band 29.83
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 30.98
High Date 07/03/2019
Low 30.37
Low Date 07/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 31.08
Support 30.47
Low 28.76
Low Date 05/31/2019
High 30.98
High Date 07/03/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.53
Low Date 12/26/2018
High 31.34
High Date 04/22/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 30.66
Support 22.87
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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