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ETFs Technical Analysis - IEF

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- 11/24/2023 -
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iShares Lehman 7-10 Year Treasury (IEF) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineA Parabolic SAR indicator is above and near the price20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF gave back -0.26 points, or -0.28%, and closed at 92.27 on Friday, November 24, 2023. Weekly volume was -17% 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. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (87.45) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. IEF may retest the broken resistance line. It is considered to be a support line now. 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 long-term trend.

Medium-term trend: [See IEF medium-term trend chart]
A medium-term uptrend had started on October 19, 2023 at 88.86 and reached 92.99 on November 22, 2023. IEF gained -4.13 points, or -4.65%, in 4 weeks. The price is now at the 17.43% retracement level.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 November 22, 2023 at 92.99 and reached 92.25 on November 24, 2023. IEF lost 0.74 points, or 0.80%, in 2 days. Price is near the trend low.

Daily Technical Indicators: [See IEF daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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.

The daily MACD line is above its signal line since October 25, 2023.

A Parabolic SAR (stop and reversal) indicator (92.17) comes close to the price (92.27). It indicates that the trend is getting weaker. 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 20 Day Moving Average 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) 55.26
Williams' Percentage Range (W%R) 18.20
Overbought
Lane's Stochastic (%D-Slow) 88.86
Overbought
Greed/Fear Indicator (GFI) 75.30
Moving Average Converg./Diverg. (MACD) 0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.20
Williams' Percentage Range (W%R) 58.10
Lane's Stochastic (%D-Slow) 47.15
Greed/Fear Indicator (GFI) 44.84
Moving Average Converg./Diverg. (MACD) -1.64
Trading Signals
Description Value Chart
Upper Bollinger Band 93.69
Daily Stochastic Crossing 92.83
Price 92.27
Parabolic System 92.17
20 Day Moving Average 91.51
50 Day Moving Average 91.19
Weekly Stochastic Crossing 91.15
Quarterly Trendline Resistance 90.70
Lower Bollinger Band 89.76
Quarterly Trendline Support 87.45
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 92.99
High Date 11/22/2023
Low 92.25
Low Date 11/24/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.99
High Date 11/22/2023
Low 92.25
Low Date 11/24/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.86
Low Date 10/19/2023
High 92.99
High Date 11/22/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 90.70
Support 87.45
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.