The Greedy Trader Weekly Analysis
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Archive
- 8/3/2018
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iShares Lehman 7-10 Year Treasury
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Summary:
Weekly :Broken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic signal line moved above oversold areaA Parabolic SAR indicator is below and near the priceThe price is close to the moving average in the center of the Bollinger Bands
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.05
Williams' Percentage Range (W%R) 76.30
Lane's Stochastic (%D-Slow) 27.05
Greed/Fear Indicator (GFI) 29.25
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.57
Williams' Percentage Range (W%R) 59.80
Lane's Stochastic (%D-Slow) 56.14
Greed/Fear Indicator (GFI) 49.44
Moving Average Converg./Diverg. (MACD) -0.67
Trading Signals
Description Value Chart
Yearly Trendline Resistance 104.89
Monthly Trendline Support 102.82
Upper Bollinger Band 102.70
Monthly Trendline Resistance 102.15
50 Day Moving Average 102.06
20 Day Moving Average 102.03
Parabolic System 102.02
Weekly Stochastic Crossing 101.97
Price 101.72
Daily Stochastic Crossing 101.44
Lower Bollinger Band 101.10
Yearly Trendline Support 99.86
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 102.73
High Date 06/27/2018
Low 101.19
Low Date 08/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 103.20
High Date 05/29/2018
Low 101.16
Low Date 06/13/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 102.15
Support 102.82
Low 100.33
Low Date 05/17/2018
High 103.20
High Date 05/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 108.81
High Date 09/07/2017
Low 100.33
Low Date 05/17/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 104.89
Support 99.86
High 113.91
High Date 07/05/2016
Low 100.33
Low Date 05/17/2018
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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