iShares Lehman 7-10 Year Treasury
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|It was a first positive week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF gained 1.17 points, or 1.13%, and closed at 104.74 on Friday, March 8, 2019. Weekly volume was -12% below 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 99.61 on October 5, 2018. IEF lost 14.30 points, or 12.55%, in 117 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (98.73) 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. IEF 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 IEF medium-term trend chart]
A medium-term uptrend had started on October 5, 2018 at 99.61 and reached 105.32 on January 3, 2019. IEF gained -5.71 points, or -5.73%, in 12 weeks. The price is now at the 10.16% retracement level.
Weekly Technical Indicators: [See IEF weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 16, 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 uptrend had started on March 1, 2019 at 103.57 and reached 104.83 on March 8, 2019. IEF gained -1.26 points, or -1.22%, in 7 days. The price is now at the 7.14% retracement level.
Daily Technical Indicators: [See IEF daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
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.