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 :Lane's Stochastic is overboughtRelative Strength Index and Williams' Percentage Range are strongly overboughtLane's Stochastic and MACD bearish divergenceA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF climbed 0.47 points, or 0.46%, and closed at 101.78 on Friday, November 30, 2018. IEF was trading at average weekly trading volume.

Long-term trend: [See IEF long-term trend chart]
A long-term downtrend had started on September 7, 2017 at 108.81 and reached 99.61 on October 5, 2018. IEF lost 9.20 points, or 8.46%, in 56 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 99.06 and resistance is at 102.70. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See IEF medium-term trend chart]
A medium-term downtrend had started on May 29, 2018 at 103.20 and reached 99.61 on October 5, 2018. IEF lost 3.59 points, or 3.48%, in 18 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 98.85 and resistance is at 102.68. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge 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 November 16, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 November 8, 2018 at 99.75 and reached 101.82 on November 30, 2018. IEF gained -2.07 points, or -2.08%, in 22 days. Price is near the trend high.

Daily Technical Indicators: [See IEF daily technical indicators chart]
Daily Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Relative Strength Index and Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 daily MACD line is above its signal line since November 9, 2018. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (101.31) comes close to the price (101.78). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 93.05
Strong Overbought
Williams' Percentage Range (W%R) 4.30
Strong Overbought
Lane's Stochastic (%D-Slow) 84.64
Overbought Bearish
Greed/Fear Indicator (GFI) 91.11
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.17 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.29
Williams' Percentage Range (W%R) 36.70
Lane's Stochastic (%D-Slow) 54.95
Greed/Fear Indicator (GFI) 55.20
Moving Average Converg./Diverg. (MACD) -0.54
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 102.70
Monthly Trendline Resistance 102.68
Upper Bollinger Band 102.28
Price 101.78
Daily Stochastic Crossing 101.71
Parabolic System 101.31
Weekly Stochastic Crossing 100.91
20 Day Moving Average 100.79
50 Day Moving Average 100.63
Lower Bollinger Band 99.78
Quarterly Trendline Support 99.06
Monthly Trendline Support 98.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 99.75
Low Date 11/08/2018
High 101.82
High Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 99.61
Low Date 10/05/2018
High 101.82
High Date 11/30/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 102.68
Support 98.85
High 103.20
High Date 05/29/2018
Low 99.61
Low Date 10/05/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 102.70
Support 99.06
High 108.81
High Date 09/07/2017
Low 99.61
Low Date 10/05/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.91
High Date 07/05/2016
Low 99.61
Low Date 10/05/2018
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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