iShares Cohen & Steers Realty Majors
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|It was the negative week for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF dropped -2.46 points, or -2.46%, and closed at 97.62 on Friday, October 05, 2018. It was the worst weekly loss since May 18, 2018. Weekly volume was 51% above average. |
Long-term trend: [See ICF long-term trend chart]
A long-term downtrend had started on July 29, 2016 at 112.45 and reached 88.40 on February 9, 2018. ICF lost 24.05 points, or 21.39%, in 80 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 83.67 and resistance is at 102.02. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
Medium-term trend: [See ICF medium-term trend chart]
A medium-term downtrend had started on August 20, 2018 at 104.39 and reached 96.69 on October 4, 2018. ICF lost 7.70 points, or 7.38%, in 6 weeks. The price is now at the 12.08% retracement level.
Weekly Technical Indicators: [See ICF weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See ICF short-term trend chart]
A short-term downtrend had started on August 29, 2018 at 104.00 and reached 96.69 on October 4, 2018. ICF lost 7.31 points, or 7.03%, in 36 days. The price is now at the 12.72% retracement level.
Daily Technical Indicators: [See ICF daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 Williams' Percentage Range help.
The daily MACD line is below its signal line since August 31, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.