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Advanced TA SearchArchive
- 5/3/2024 -
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iShares Lehman 7-10 Year Treasury (IEF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF gained 0.97 points, or 1.06%, and closed at 92.46 on Friday, May 3, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -9% below average.
 Long-term trend: [See IEF long-term trend chart]
A long-term uptrend had started on October 19, 2023 at 88.86 and reached 97.11 on February 1, 2024. IEF gained -8.25 points, or -9.28%, in 15 weeks. The price is now at the 56.36% retracement level.
 Medium-term trend: [See IEF medium-term trend chart]
A medium-term downtrend had started on February 1, 2024 at 97.11 and reached 91.02 on April 25, 2024. IEF lost 6.09 points, or 6.27%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (92.67). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See IEF weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. 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 April 25, 2024 at 91.02 and reached 92.70 on May 3, 2024. IEF gained -1.68 points, or -1.85%, in 8 days. The price is now at the 14.29% retracement level.
 Daily Technical Indicators: [See IEF daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
During the last week, the price has moved above 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.
Price is close to the 50 Day Moving Average. 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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