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Advanced TA SearchArchive
- 5/3/2024 -
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iShares Cohen & Steers Realty Majors (ICF) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF gained 0.78 points, or 1.46%, and closed at 54.36 on Friday, May 3, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -10% 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 (60.05) 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 51.89 and resistance is at 58.44. 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. 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 chart has formed a Falling Channel chart pattern.
Daily Technical Indicators: [See ICF daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 25, 2024.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
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