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ETFs Technical Analysis - IEFArchive
- 11/8/2024 -
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iShares Lehman 7-10 Year Treasury (IEF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF climbed 0.53 points, or 0.57%, and closed at 94.20 on Friday, November 8, 2024. It was the best weekly gain since September 6, 2024. Weekly volume was 22% above 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 trend support level is at 92.76 and resistance is at 99.78. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See IEF medium-term trend chart]
A medium-term uptrend had started on April 25, 2024 at 91.02 and reached 99.18 on September 16, 2024. IEF gained -8.16 points, or -8.97%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (95.73) 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 medium-term trend.
 Weekly Technical Indicators: [See IEF weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since October 11, 2024. 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 September 16, 2024 at 99.18 and reached 93.01 on November 6, 2024. IEF lost 6.17 points, or 6.22%, in 51 days. The price is now at the 19.29% retracement level.
 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 rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since September 17, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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