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Advanced TA SearchArchive
- 5/3/2024 -
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iShares MSCI EMU Index (EZU) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the iShares MSCI EMU Index (EZU). During the week, the EZU gave back -0.02 points, or -0.04%, and closed at 50.13 on Friday, May 3, 2024. Weekly volume was -36% below average.
 Long-term trend: [See EZU long-term trend chart]
A long-term downtrend had started on November 9, 2021 at 51.62 and reached 31.14 on October 13, 2022. EZU lost 20.48 points, or 39.67%, in 48 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (44.60) is broken. A broken support is considered to be a long-term bullish signal. 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 EZU medium-term trend chart]
A medium-term downtrend had started on April 1, 2024 at 51.46 and reached 48.54 on April 19, 2024. EZU lost 2.92 points, or 5.67%, in 2 weeks. The price is now at the 54.45% retracement level.
 Weekly Technical Indicators: [See EZU 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See EZU short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 48.54 and reached 50.39 on May 3, 2024. EZU gained -1.85 points, or -3.81%, in 14 days. The price is now at the 14.05% retracement level.
 Daily Technical Indicators: [See EZU daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 2, 2024. 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.
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.
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