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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 2/14/2025 -
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iShares Lehman 7-10 Year Treasury (IEF) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend support at 93.67
Daily :The price has fallen below the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe Bollinger Bands are historically close together
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It was a fifth consecutive positive week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF climbed 0.18 points, or 0.19%, and closed at 93.32 on Friday, February 14, 2025. Weekly volume was -27% 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 (93.67) 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 91.08 on January 13, 2025. IEF lost 8.10 points, or 8.17%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (89.95) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

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

The weekly MACD line is below its signal line since October 11, 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 IEF short-term trend chart]
A short-term downtrend had started on February 5, 2025 at 93.73 and reached 92.08 on February 12, 2025. IEF lost 1.65 points, or 1.76%, in 7 days. The price is now at the 75.15% retracement level.

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

The daily MACD line is above its signal line since February 13, 2025. The distance between MACD and the signal line is low and getting smaller.

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.

The distance between the Bollinger Bands (1.54%) is close to one year low (1.64%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 53.23
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 41.43
Greed/Fear Indicator (GFI) 57.41
Moving Average Converg./Diverg. (MACD) 0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.27
Williams' Percentage Range (W%R) 69.30
Lane's Stochastic (%D-Slow) 36.49
Greed/Fear Indicator (GFI) 39.07
Moving Average Converg./Diverg. (MACD) -0.56
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 100.69
Quarterly Trendline Support 93.67
Parabolic System 93.62
Upper Bollinger Band 93.61
Price 93.32
50 Day Moving Average 92.97
20 Day Moving Average 92.91
Daily Stochastic Crossing 92.74
Monthly Trendline Resistance 92.44
Weekly Stochastic Crossing 92.27
Lower Bollinger Band 92.17
Monthly Trendline Support 89.95
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 93.73
High Date 02/05/2025
Low 92.08
Low Date 02/12/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.08
Low Date 01/13/2025
High 93.73
High Date 02/05/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 92.44
Support 89.95
High 99.18
High Date 09/16/2024
Low 91.08
Low Date 01/13/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 100.69
Support 93.67
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.