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- 12/13/2024 -
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iShares Lehman 7-10 Year Treasury (IEF) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaTrend support at 93.10
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF dropped -1.58 points, or -1.66%, and closed at 93.69 on Friday, December 13, 2024. It was the worst weekly loss since October 4, 2024. Weekly volume was -42% below average.

Long-term trend: [See IEF long-term trend chart]
A long-term uptrend had started on October 19, 2023 at 88.86 and reached 99.18 on September 16, 2024. IEF gained -10.32 points, or -11.61%, in 47 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (93.10) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See IEF medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 99.18 and reached 92.90 on November 15, 2024. IEF lost 6.28 points, or 6.33%, in 8 weeks. The price is now at the 12.58% retracement level.

Weekly Technical Indicators: [See IEF weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 weekly MACD line is below its signal line since October 11, 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 IEF short-term trend chart]
A short-term downtrend had started on December 6, 2024 at 95.42 and reached 93.64 on December 13, 2024. IEF lost 1.78 points, or 1.87%, in 7 days. Price is near the trend low.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below 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.

During the last week, the price 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.94
Williams' Percentage Range (W%R) 57.10
Lane's Stochastic (%D-Slow) 27.14
Greed/Fear Indicator (GFI) 40.31
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.44
Williams' Percentage Range (W%R) 82.80
Oversold
Lane's Stochastic (%D-Slow) 27.05
Greed/Fear Indicator (GFI) 26.76
Moving Average Converg./Diverg. (MACD) 0.19
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 100.11
Upper Bollinger Band 95.75
Parabolic System 95.35
50 Day Moving Average 94.69
20 Day Moving Average 94.36
Daily Stochastic Crossing 93.97
Weekly Stochastic Crossing 93.89
Price 93.69
Lower Bollinger Band 93.21
Quarterly Trendline Support 93.10
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 95.42
High Date 12/06/2024
Low 93.64
Low Date 12/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.90
Low Date 11/15/2024
High 95.42
High Date 12/06/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.18
High Date 09/16/2024
Low 92.90
Low Date 11/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 100.11
Support 93.10
Low 88.86
Low Date 10/19/2023
High 99.18
High Date 09/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.41
High Date 03/09/2020
Low 88.86
Low Date 10/19/2023
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.