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ETFs Technical Analysis - IEF

Archive
- 3/15/2024 -
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iShares Lehman 7-10 Year Treasury (IEF) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice 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 93.65 on Friday, March 15, 2024. It was the worst weekly loss since October 20, 2023. Weekly volume was -20% below average.

Long-term trend: [See IEF long-term trend chart]
A long-term downtrend had started on May 4, 2023 at 100.80 and reached 88.86 on October 19, 2023. IEF lost 11.94 points, or 11.85%, in 24 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See IEF medium-term trend chart]
A medium-term uptrend had started on October 19, 2023 at 88.86 and reached 97.11 on February 1, 2024. IEF gained -8.25 points, or -9.28%, in 15 weeks. The price is now at the 41.94% retracement level.

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

The weekly MACD line is above its signal line since November 17, 2023. 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 IEF short-term trend chart]
A short-term uptrend had started on February 22, 2024 at 93.44 and reached 95.39 on March 8, 2024. IEF gained -1.95 points, or -2.09%, in 15 days. The price is now at the 89.23% retracement level.

Daily Technical Indicators: [See IEF daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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.

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. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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) 46.67
Williams' Percentage Range (W%R) 84.60
Oversold
Lane's Stochastic (%D-Slow) 39.80
Greed/Fear Indicator (GFI) 33.95
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.66
Williams' Percentage Range (W%R) 41.60
Lane's Stochastic (%D-Slow) 21.05
Greed/Fear Indicator (GFI) 41.37
Moving Average Converg./Diverg. (MACD) 0.01
Trading Signals
Description Value Chart
Upper Bollinger Band 95.54
Parabolic System 95.41
50 Day Moving Average 94.82
20 Day Moving Average 94.26
Weekly Stochastic Crossing 94.25
Daily Stochastic Crossing 94.14
Price 93.65
Lower Bollinger Band 93.35
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 93.44
Low Date 02/22/2024
High 95.39
High Date 03/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 97.11
High Date 02/01/2024
Low 93.44
Low Date 02/22/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.86
Low Date 10/19/2023
High 97.11
High Date 02/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.80
High Date 05/04/2023
Low 88.86
Low Date 10/19/2023
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.