The Greedy Trader Weekly Analysis
Sign In May 24, 2024
Skip Navigation Links
Share
Number of records: 3
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

ETFs Technical Analysis - ICF

Archive
- 5/17/2024 -
Sign In to see current Signals.

iShares Cohen & Steers Realty Majors (ICF) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal linePrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a fourth positive week after 3 consecutive negative weeks for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF gained 1.47 points, or 2.64%, and closed at 57.08 on Friday, May 17, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -38% below average.

Long-term trend: [See ICF long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 47.23 and reached 59.85 on December 14, 2023. ICF gained -12.62 points, or -26.72%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (61.05) 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 long-term trend.

Medium-term trend: [See ICF medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 59.85 and reached 52.39 on April 18, 2024. ICF lost 7.46 points, or 12.46%, in 18 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 51.43 and resistance is at 58.30. 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 medium-term trend.

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

The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 March 11, 2024 at 59.00 and reached 52.39 on April 18, 2024. ICF lost 6.61 points, or 11.20%, in 38 days. The price is now at the 70.95% retracement level.

Daily Technical Indicators: [See ICF daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 Williams' Percentage Range help.

The daily MACD line is above its signal line since April 25, 2024. The distance between MACD and the signal line is near its high and getting bigger.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.74
Williams' Percentage Range (W%R) 8.60
Strong Overbought
Lane's Stochastic (%D-Slow) 92.15
Strong Overbought
Greed/Fear Indicator (GFI) 85.43
Overbought
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.85
Williams' Percentage Range (W%R) 35.10
Lane's Stochastic (%D-Slow) 31.74
Greed/Fear Indicator (GFI) 49.06
Moving Average Converg./Diverg. (MACD) 0.27
Trading Signals
Description Value Chart
Monthly Trendline Support 61.05
Weekly Trendline Resistance 58.30
Monthly Trendline Resistance 58.30
Upper Bollinger Band 57.96
Daily Stochastic Crossing 57.10
Price 57.08
Parabolic System 55.87
50 Day Moving Average 55.55
20 Day Moving Average 54.81
Weekly Stochastic Crossing 54.47
Lower Bollinger Band 52.83
Weekly Trendline Support 51.43
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 59.00
High Date 03/11/2024
Low 52.39
Low Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 58.30
Support 51.43
High 59.85
High Date 12/14/2023
Low 52.39
Low Date 04/18/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 58.30
Support 61.05
Low 47.23
Low Date 10/30/2023
High 59.85
High Date 12/14/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.57
High Date 12/31/2021
Low 47.23
Low Date 10/30/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 126.20
High Date 02/21/2020
Low 47.23
Low Date 10/30/2023
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.