The Greedy Trader Weekly Analysis
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
iShares Lehman 7-10 Year Treasury
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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

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 climbed 0.65 points, or 0.64%, and closed at 102.37 on Friday, August 10, 2018. It was the best weekly gain since May 25, 2018. Weekly volume was 24% above average.

Long-term trend: [See IEF long-term trend chart]
A long-term downtrend had started on July 5, 2016 at 113.91 and reached 100.33 on May 17, 2018. IEF lost 13.58 points, or 11.92%, in 97 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 99.82 and resistance is at 104.81. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See IEF medium-term trend chart]
A medium-term uptrend had started on May 17, 2018 at 100.33 and reached 103.20 on May 29, 2018. IEF gained -2.87 points, or -2.86%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 103.05 and resistance is at 102.04. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since May 25, 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 IEF short-term trend chart]
A short-term downtrend had started on May 29, 2018 at 103.20 and reached 101.16 on June 13, 2018. IEF lost 2.04 points, or 1.98%, in 15 days. The chart has formed a Rectangle chart pattern. The trend support level is at 100.59 and resistance is at 102.64. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a short-term trend.

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.

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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 62.65
Williams' Percentage Range (W%R) 31.80
Lane's Stochastic (%D-Slow) 74.01
Greed/Fear Indicator (GFI) 68.30
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.72
Williams' Percentage Range (W%R) 37.90
Lane's Stochastic (%D-Slow) 50.02
Greed/Fear Indicator (GFI) 56.50
Moving Average Converg./Diverg. (MACD) -0.64
Trading Signals
Description Value Chart
Yearly Trendline Resistance 104.81
Monthly Trendline Support 103.05
Weekly Trendline Resistance 102.64
Upper Bollinger Band 102.60
Price 102.37
Daily Stochastic Crossing 102.16
Monthly Trendline Resistance 102.04
50 Day Moving Average 102.01
20 Day Moving Average 101.89
Weekly Stochastic Crossing 101.87
Lower Bollinger Band 101.19
Parabolic System 101.15
Weekly Trendline Support 100.59
Yearly Trendline Support 99.82
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 102.73
High Date 06/27/2018
Low 101.19
Low Date 08/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 102.64
Support 100.59
High 103.20
High Date 05/29/2018
Low 101.16
Low Date 06/13/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 102.04
Support 103.05
Low 100.33
Low Date 05/17/2018
High 103.20
High Date 05/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 108.81
High Date 09/07/2017
Low 100.33
Low Date 05/17/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 104.81
Support 99.82
High 113.91
High Date 07/05/2016
Low 100.33
Low Date 05/17/2018
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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