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 :Broken trend resistance lineWilliams' Percentage Range is oversoldWeekly  MACD line has moved above its signal line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF gave back -0.34 points, or -0.33%, and closed at 102.58 on Friday, April 13, 2018. It was the worst weekly loss since February 2, 2018. Weekly volume was -6% 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 101.47 on February 21, 2018. IEF lost 12.44 points, or 10.92%, in 85 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 101.28 and resistance is at 112.00. 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 downtrend had started on September 7, 2017 at 108.81 and reached 101.47 on February 21, 2018. IEF lost 7.34 points, or 6.75%, in 23 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (99.70) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.

Weekly Technical Indicators: [See IEF weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 2, 2018 at 103.34 and reached 102.40 on April 13, 2018. IEF lost 0.94 points, or 0.91%, in 11 days. The price is now at the 19.15% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 48.01
Williams' Percentage Range (W%R) 56.60
Lane's Stochastic (%D-Slow) 35.23
Greed/Fear Indicator (GFI) 42.21
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.98
Williams' Percentage Range (W%R) 81.70
Oversold
Lane's Stochastic (%D-Slow) 46.56
Greed/Fear Indicator (GFI) 36.10
Moving Average Converg./Diverg. (MACD) -1.02
Trading Signals
Description Value Chart
Yearly Trendline Resistance 112.00
Monthly Trendline Resistance 103.85
Parabolic System 103.33
Upper Bollinger Band 103.27
20 Day Moving Average 102.67
Price 102.58
Daily Stochastic Crossing 102.58
Weekly Stochastic Crossing 102.45
50 Day Moving Average 102.37
Lower Bollinger Band 102.03
Monthly Trendline Support 101.85
Quarterly Trendline Resistance 101.34
Yearly Trendline Support 101.28
Quarterly Trendline Support 99.70
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 103.00
High Date 04/11/2018
Low 102.40
Low Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 103.34
High Date 04/02/2018
Low 102.40
Low Date 04/13/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 103.85
Support 101.85
Low 101.47
Low Date 02/21/2018
High 103.34
High Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 101.34
Support 99.70
High 108.81
High Date 09/07/2017
Low 101.47
Low Date 02/21/2018
Description Value
Direction Down
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 112.00
Support 101.28
High 113.91
High Date 07/05/2016
Low 101.47
Low Date 02/21/2018
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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