The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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iShares Lehman 1-3 Year Treasury Bond
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Summary:
Weekly :Lane's Stochastic is overbought
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARBullish Doji CandlestickThe price touches the upper Bollinger BandPrice is close to the 50 Day Moving Average
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It was the negative week for the iShares Lehman 1-3 Year Treasury Bond (SHY). During the week, the SHY gave back -0.01 points, or -0.01%, and closed at 83.61 on Friday, January 11, 2019. It was the worst weekly loss since November 2, 2018. Weekly volume was 35% above average.

Long-term trend: [See SHY long-term trend chart]
A long-term downtrend had started on September 7, 2017 at 84.72 and reached 82.83 on November 8, 2018. SHY lost 1.89 points, or 2.23%, in 61 weeks. The price is now at the 41.27% retracement level.

Medium-term trend: [See SHY medium-term trend chart]
A medium-term uptrend had started on November 8, 2018 at 82.83 and reached 83.84 on January 3, 2019. SHY gained -1.01 points, or -1.22%, in 8 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 83.38 and resistance is at 84.00. 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 SHY 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 October 19, 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 SHY short-term trend chart]
A short-term downtrend had started on January 3, 2019 at 83.84 and reached 83.50 on January 8, 2019. SHY lost 0.34 points, or 0.41%, in 5 days. The price is now at the 32.35% retracement level.

Daily Technical Indicators: [See SHY 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.

The daily MACD line is above its signal line since December 4, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

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.

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.

Candlestick pattern: [See SHY candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.73
Williams' Percentage Range (W%R) 37.10
Lane's Stochastic (%D-Slow) 28.22
Greed/Fear Indicator (GFI) 51.61
Moving Average Converg./Diverg. (MACD) 0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.03
Williams' Percentage Range (W%R) 22.80
Lane's Stochastic (%D-Slow) 85.68
Overbought
Greed/Fear Indicator (GFI) 74.30
Moving Average Converg./Diverg. (MACD) -0.04
Trading Signals
Description Value Chart
Monthly Trendline Resistance 84.00
Parabolic System 83.90
Upper Bollinger Band 83.76
Weekly Stochastic Crossing 83.73
Price 83.61
Daily Stochastic Crossing 83.59
20 Day Moving Average 83.48
Monthly Trendline Support 83.38
50 Day Moving Average 83.24
Lower Bollinger Band 83.20
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.50
Low Date 01/08/2019
High 83.63
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.84
High Date 01/03/2019
Low 83.50
Low Date 01/08/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 84.00
Support 83.38
Low 82.83
Low Date 11/08/2018
High 83.84
High Date 01/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.72
High Date 09/07/2017
Low 82.83
Low Date 11/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.37
High Date 10/13/2014
Low 82.83
Low Date 11/08/2018
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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