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iShares Lehman 7-10 Year Treasury
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|It was the negative week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF gave back -0.05 points, or -0.05%, and closed at 101.72 on Friday, August 03, 2018. Weekly volume was 36% above average. |
Long-term trend: [See IEF long-term trend chart]
A long-term downtrend had started on July 5, 2016 at 113.91 and reached 100.33 on May 17, 2018. IEF lost 13.58 points, or 11.92%, in 97 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 99.86 and resistance is at 104.89. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
Medium-term trend: [See IEF medium-term trend chart]
A medium-term uptrend had started on May 17, 2018 at 100.33 and reached 103.20 on May 29, 2018. IEF gained -2.87 points, or -2.86%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (102.82) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
Weekly Technical Indicators: [See IEF weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 25, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See IEF short-term trend chart]
A short-term downtrend had started on June 27, 2018 at 102.73 and reached 101.19 on August 1, 2018. IEF lost 1.54 points, or 1.50%, in 35 days. The price is now at the 34.42% retracement level.
Daily Technical Indicators: [See IEF daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 Lane's Stochastic help.
The daily MACD line is below its signal line since July 9, 2018. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (102.02) comes close to the price (101.72). 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.
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.