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iShares Lehman 1-3 Year Treasury Bond
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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 -0.07 points, or -0.08%, and closed at 83.78 on Friday, January 05, 2018. Weekly volume was 16% above average. |
Long-term trend: [See SHY long-term trend chart]
A long-term downtrend had started on October 13, 2014 at 85.37 and reached 83.75 on January 4, 2018. SHY lost 1.62 points, or 1.90%, in 168 weeks. Price is near the trend low.
Medium-term trend: [See SHY medium-term trend chart]
A medium-term downtrend had started on September 7, 2017 at 84.72 and reached 83.75 on January 4, 2018. SHY lost 0.97 points, or 1.14%, in 17 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 83.64 and resistance is at 84.03. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
Weekly Technical Indicators: [See SHY weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since September 15, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 January 4, 2018 at 83.75 and reached 83.77 on January 5, 2018. SHY gained -0.02 points, or -0.02%, in 1 days. The price is now at the 50.00% retracement level.
Daily Technical Indicators: [See SHY daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since January 4, 2018. The distance between MACD and the signal line is low and getting smaller.
A Parabolic SAR (stop and reversal) indicator (83.95) comes close to the price (83.78). 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 lower 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 oversold, the 50 Day Moving Average is considered a support 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.