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ETFs Technical AnalysisArchive
- 3/17/2023 -
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iShares Cohen & Steers Realty Majors (ICF) |
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| Summary:
| | Weekly : | | 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.
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