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- 5/10/2024 -
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iShares MSCI Pacific ex-Japan (EPP) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a third consecutive positive week for the iShares MSCI Pacific ex-Japan (EPP). During the week, the EPP gained 0.59 points, or 1.36%, and closed at 43.83 on Friday, May 10, 2024. Weekly volume was -46% below average.
 Long-term trend: [See EPP long-term trend chart]
A long-term downtrend had started on June 4, 2021 at 53.97 and reached 36.63 on October 13, 2022. EPP lost 17.34 points, or 32.13%, in 70 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (38.78) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EPP may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.
 Medium-term trend: [See EPP medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 38.05 and reached 44.03 on May 10, 2024. EPP gained -5.98 points, or -15.72%, in 28 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See EPP weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.
Short-term trend: [See EPP short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 40.43 and reached 44.03 on May 10, 2024. EPP gained -3.60 points, or -8.90%, in 24 days. The price is now at the 5.56% retracement level.
 Daily Technical Indicators: [See EPP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 25, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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