The Greedy Trader Weekly Analysis
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- 3/17/2023 -
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iShares Cohen & Steers Realty Majors (ICF)

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Summary:
Weekly :Broken trend support line
Daily :
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It was a first positive week for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF climbed 0.36 points, or 0.68%, and closed at 53.61 on Friday, March 17, 2023. Weekly volume was -11% below average.

Long-term trend: [See ICF long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 76.57 and reached 49.24 on October 13, 2022. ICF lost 27.33 points, or 35.69%, in 40 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 40.16 and resistance is at 60.69. 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 ICF medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 49.24 and reached 62.41 on February 2, 2023. ICF gained -13.17 points, or -26.75%, in 16 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (58.44) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See ICF weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 18, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 February 2, 2023 at 62.41 and reached 52.85 on March 13, 2023. ICF lost 9.56 points, or 15.32%, in 39 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 52.01 and resistance is at 54.26. 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 short-term trend.

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

The daily MACD line is below its signal line since February 8, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.36
Williams' Percentage Range (W%R) 71.80
Lane's Stochastic (%D-Slow) 35.02
Greed/Fear Indicator (GFI) 33.20
Moving Average Converg./Diverg. (MACD) -0.88
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.51
Williams' Percentage Range (W%R) 68.60
Lane's Stochastic (%D-Slow) 35.44
Greed/Fear Indicator (GFI) 38.61
Moving Average Converg./Diverg. (MACD) -0.97
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 60.69
Upper Bollinger Band 58.75
Monthly Trendline Support 58.44
50 Day Moving Average 57.66
20 Day Moving Average 55.99
Weekly Stochastic Crossing 55.49
Parabolic System 55.05
Daily Stochastic Crossing 54.27
Weekly Trendline Resistance 54.26
Price 53.61
Lower Bollinger Band 53.12
Weekly Trendline Support 52.01
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 55.33
High Date 03/14/2023
Low 53.54
Low Date 03/17/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 54.26
Support 52.01
High 62.41
High Date 02/02/2023
Low 52.85
Low Date 03/13/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 65.02
Support 58.44
Low 49.24
Low Date 10/13/2022
High 62.41
High Date 02/02/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 60.69
Support 40.16
High 76.57
High Date 12/31/2021
Low 49.24
Low Date 10/13/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 126.20
High Date 02/21/2020
Low 49.24
Low Date 10/13/2022
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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