The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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iShares Lehman 7-10 Year Treasury
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARTrend support at 104.11
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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 -0.23 points, or -0.22%, and closed at 104.17 on Friday, January 11, 2019. Weekly volume was 86% above average.

Long-term trend: [See IEF long-term trend chart]
A long-term downtrend had started on September 7, 2017 at 108.81 and reached 99.61 on October 5, 2018. IEF lost 9.20 points, or 8.46%, in 56 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (99.13) 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 IEF medium-term trend chart]
A medium-term uptrend had started on October 5, 2018 at 99.61 and reached 105.32 on January 3, 2019. IEF gained -5.71 points, or -5.73%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 99.99 and resistance is at 105.88. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See IEF weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 weekly MACD line is above its signal line since November 16, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See IEF short-term trend chart]
A short-term uptrend had started on November 8, 2018 at 99.75 and reached 105.32 on January 3, 2019. IEF gained -5.57 points, or -5.58%, in 56 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (104.11) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.

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 below overbought area. Such crossover is considered a bearish signal.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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) 60.57
Williams' Percentage Range (W%R) 39.60
Lane's Stochastic (%D-Slow) 35.15
Greed/Fear Indicator (GFI) 52.04
Moving Average Converg./Diverg. (MACD) 0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.37
Williams' Percentage Range (W%R) 20.70
Lane's Stochastic (%D-Slow) 87.99
Overbought
Greed/Fear Indicator (GFI) 77.17
Moving Average Converg./Diverg. (MACD) -0.13
Trading Signals
Description Value Chart
Weekly Trendline Resistance 106.23
Monthly Trendline Resistance 105.88
Parabolic System 105.23
Upper Bollinger Band 104.94
Weekly Stochastic Crossing 104.71
Daily Stochastic Crossing 104.26
Price 104.17
Weekly Trendline Support 104.11
20 Day Moving Average 103.60
50 Day Moving Average 102.15
Lower Bollinger Band 102.14
Monthly Trendline Support 99.99
Quarterly Trendline Support 99.13
Quarterly Trendline Resistance 98.33
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 105.32
High Date 01/03/2019
Low 103.77
Low Date 01/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 106.23
Support 104.11
Low 99.75
Low Date 11/08/2018
High 105.32
High Date 01/03/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 105.88
Support 99.99
Low 99.61
Low Date 10/05/2018
High 105.32
High Date 01/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 98.33
Support 99.13
High 108.81
High Date 09/07/2017
Low 99.61
Low Date 10/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.91
High Date 07/05/2016
Low 99.61
Low Date 10/05/2018
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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