The Greedy Trader Weekly Analysis
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- 11/30/2018
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iShares Lehman 1-3 Year Treasury Bond
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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overboughtRelative Strength Index and Williams' Percentage Range are strongly overboughtLane's Stochastic and MACD bearish divergenceA Parabolic SAR indicator is above and near the pricePrice is close to the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a fourth consecutive positive week for the iShares Lehman 1-3 Year Treasury Bond (SHY). During the week, the SHY climbed 0.10 points, or 0.12%, and closed at 83.25 on Friday, November 30, 2018. Weekly volume was 39% 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 chart has formed a Falling Wedge chart pattern. The downtrend resistance line (82.82) 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. SHY 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 SHY medium-term trend chart]
A medium-term uptrend had started on November 8, 2018 at 82.83 and reached 83.25 on November 29, 2018. SHY gained -0.42 points, or -0.51%, in 3 weeks. Price is near the trend high.

Weekly Technical Indicators: [See SHY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since October 19, 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 SHY short-term trend chart]
A short-term uptrend had started on November 26, 2018 at 83.13 and reached 83.25 on November 29, 2018. SHY gained -0.12 points, or -0.14%, in 3 days. Price is near the trend high.

Daily Technical Indicators: [See SHY daily technical indicators chart]
Daily Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Relative Strength Index and Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since November 14, 2018. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (83.11) comes close to the price (83.25). 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 90.91
Strong Overbought
Williams' Percentage Range (W%R) 7.10
Strong Overbought
Lane's Stochastic (%D-Slow) 88.08
Overbought Bearish
Greed/Fear Indicator (GFI) 90.61
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.04 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.22
Williams' Percentage Range (W%R) 25.00
Lane's Stochastic (%D-Slow) 56.33
Greed/Fear Indicator (GFI) 60.69
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Upper Bollinger Band 83.38
Price 83.25
Daily Stochastic Crossing 83.24
Parabolic System 83.11
Weekly Stochastic Crossing 83.08
20 Day Moving Average 83.05
50 Day Moving Average 83.02
Quarterly Trendline Resistance 82.96
Lower Bollinger Band 82.83
Quarterly Trendline Support 82.82
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.13
Low Date 11/26/2018
High 83.25
High Date 11/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.13
Low Date 11/26/2018
High 83.25
High Date 11/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.83
Low Date 11/08/2018
High 83.25
High Date 11/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 82.96
Support 82.82
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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