The Greedy Trader Weekly Analysis
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iShares Lehman 7-10 Year Treasury (IEF)

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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :The price has risen above the Parabolic SARThe price touches the upper Bollinger BandThe Bollinger Bands are historically close togetherPrice is close to the 50 Day Moving Average
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It was a first positive week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF climbed 0.42 points, or 0.35%, and closed at 121.95 on Friday, May 15, 2020. Weekly volume was -56% below average.

Long-term trend: [See IEF long-term trend chart]
A long-term uptrend had started on October 5, 2018 at 99.61 and reached 123.41 on March 9, 2020. IEF gained -23.80 points, or -23.89%, in 74 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 116.92 and resistance is at 124.94. 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 long-term trend.

Medium-term trend: [See IEF medium-term trend chart]
A medium-term uptrend had started on November 7, 2019 at 109.98 and reached 123.41 on March 9, 2020. IEF gained -13.43 points, or -12.21%, in 17 weeks. The price is now at the 10.87% retracement level.

Weekly Technical Indicators: [See IEF weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 31, 2020. 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 uptrend had started on May 6, 2020 at 120.85 and reached 122.22 on May 15, 2020. IEF gained -1.37 points, or -1.13%, in 9 days. The price is now at the 19.71% retracement level.

Daily Technical Indicators: [See IEF daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 6, 2020. The distance between MACD and the signal line is low and getting smaller.

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.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands (1.02%) is close to one year low (1.21%). It is 65.29% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.93
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 66.10
Greed/Fear Indicator (GFI) 65.13
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.18
Williams' Percentage Range (W%R) 9.00
Strong Overbought
Lane's Stochastic (%D-Slow) 83.48
Overbought
Greed/Fear Indicator (GFI) 78.42
Moving Average Converg./Diverg. (MACD) 2.45
Trading Signals
Description Value Chart
Yearly Trendline Resistance 124.94
Upper Bollinger Band 122.20
Price 121.95
Daily Stochastic Crossing 121.90
Weekly Stochastic Crossing 121.84
20 Day Moving Average 121.81
Lower Bollinger Band 120.97
50 Day Moving Average 120.81
Parabolic System 120.79
Yearly Trendline Support 116.92
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 121.09
Low Date 05/11/2020
High 122.22
High Date 05/15/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 120.85
Low Date 05/06/2020
High 122.22
High Date 05/15/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.41
High Date 03/09/2020
Low 114.40
Low Date 03/12/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.98
Low Date 11/07/2019
High 123.41
High Date 03/09/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 124.94
Support 116.92
Low 99.61
Low Date 10/05/2018
High 123.41
High Date 03/09/2020
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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