iShares Lehman 1-3 Year Treasury Bond
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|It was the negative week for the iShares Lehman 1-3 Year Treasury Bond (SHY). During the week, the SHY gave back -0.02 points, or -0.02%, and closed at 83.58 on Friday, February 1, 2019. Weekly volume was 128% above average. |
Long-term trend: [See SHY long-term trend chart]
A long-term downtrend had started on September 7, 2017 at 84.72 and reached 82.83 on November 8, 2018. SHY lost 1.89 points, or 2.23%, in 61 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See SHY medium-term trend chart]
A medium-term uptrend had started on November 8, 2018 at 82.83 and reached 83.85 on January 31, 2019. SHY gained -1.02 points, or -1.23%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (83.61) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
Weekly Technical Indicators: [See SHY weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic 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 and Relative Strength Index help.
The weekly MACD line is above its signal line since October 19, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See SHY short-term trend chart]
A short-term uptrend had started on January 14, 2019 at 83.43 and reached 83.85 on January 31, 2019. SHY gained -0.42 points, or -0.50%, in 17 days. Price is near the Fibonacci 61.8% retracement level.
Daily Technical Indicators: [See SHY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since January 31, 2019. The distance between MACD and the signal line is low, but getting bigger.
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.
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.