The Greedy Trader Weekly Analysis
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Archive
- 2/8/2019
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iShares Lehman 7-10 Year Treasury
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Summary:
Weekly :Relative Strength Index and Williams' Percentage Range are overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtA Parabolic SAR indicator is above and near the priceThe price touches the upper Bollinger Band
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It was a third consecutive positive week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF climbed 0.51 points, or 0.49%, and closed at 104.61 on Friday, February 8, 2019. Weekly volume was 25% 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 99.61 on October 5, 2018. IEF lost 14.30 points, or 12.55%, in 117 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (98.89) 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. IEF 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 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 price is now at the 12.43% retracement level.

Weekly Technical Indicators: [See IEF weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and 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 links to access Relative Strength Index and Williams' Percentage Range 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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 January 31, 2019 at 104.93 and reached 103.81 on February 4, 2019. IEF lost 1.12 points, or 1.07%, in 4 days. The price is now at the 71.43% retracement level.

Daily Technical Indicators: [See IEF daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since January 8, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (103.98) comes close to the price (104.61). 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 touches the upper Bollinger Band. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.61
Williams' Percentage Range (W%R) 19.00
Overbought
Lane's Stochastic (%D-Slow) 42.51
Greed/Fear Indicator (GFI) 63.04
Moving Average Converg./Diverg. (MACD) 0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.68
Overbought
Williams' Percentage Range (W%R) 12.10
Overbought
Lane's Stochastic (%D-Slow) 73.20
Greed/Fear Indicator (GFI) 75.66
Moving Average Converg./Diverg. (MACD) 0.24
Trading Signals
Description Value Chart
Upper Bollinger Band 104.71
Price 104.61
Weekly Stochastic Crossing 104.49
Daily Stochastic Crossing 104.35
20 Day Moving Average 104.07
Parabolic System 103.98
50 Day Moving Average 103.45
Lower Bollinger Band 103.41
Yearly Trendline Resistance 102.68
Yearly Trendline Support 98.89
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 103.81
Low Date 02/04/2019
High 104.73
High Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.93
High Date 01/31/2019
Low 103.81
Low Date 02/04/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.35
Low Date 01/18/2019
High 104.93
High Date 01/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 99.61
Low Date 10/05/2018
High 105.32
High Date 01/03/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 102.68
Support 98.89
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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