The Greedy Trader Weekly Analysis
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- 12/13/2024 -
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iShares Dow Jones US Real Estate (IYR) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range oversoldLane's Stochastic is strongly oversold
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It was the negative week for the iShares Dow Jones US Real Estate (IYR). During the week, the IYR dropped -2.08 points, or -2.09%, and closed at 97.61 on Friday, December 13, 2024. Weekly volume was -28% below average.

Long-term trend: [See IYR long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 72.88 and reached 104.04 on September 18, 2024. IYR gained -31.16 points, or -42.76%, in 46 weeks. The price is now at the 20.64% retracement level.

Medium-term trend: [See IYR medium-term trend chart]
A medium-term uptrend had started on April 18, 2024 at 81.25 and reached 104.04 on September 18, 2024. IYR gained -22.79 points, or -28.05%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (98.94) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IYR may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since November 1, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See IYR short-term trend chart]
A short-term downtrend had started on November 27, 2024 at 103.46 and reached 97.54 on December 13, 2024. IYR lost 5.92 points, or 5.72%, in 16 days. Price is near the trend low.

Daily Technical Indicators: [See IYR daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. 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 below its signal line since December 5, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.17
Williams' Percentage Range (W%R) 87.20
Oversold
Lane's Stochastic (%D-Slow) 9.52
Strong Oversold
Greed/Fear Indicator (GFI) 18.49
Oversold
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.95
Williams' Percentage Range (W%R) 50.60
Lane's Stochastic (%D-Slow) 47.92
Greed/Fear Indicator (GFI) 47.32
Moving Average Converg./Diverg. (MACD) 2.92
Trading Signals
Description Value Chart
Monthly Trendline Resistance 105.13
Upper Bollinger Band 102.52
Parabolic System 101.56
20 Day Moving Average 99.90
Weekly Stochastic Crossing 99.89
50 Day Moving Average 99.61
Monthly Trendline Support 98.94
Daily Stochastic Crossing 97.75
Price 97.61
Lower Bollinger Band 96.58
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 103.46
High Date 11/27/2024
Low 97.54
Low Date 12/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 96.06
Low Date 11/06/2024
High 103.46
High Date 11/27/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 105.13
Support 98.94
Low 81.25
Low Date 04/18/2024
High 104.04
High Date 09/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 72.88
Low Date 10/30/2023
High 104.04
High Date 09/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 116.89
High Date 12/31/2021
Low 72.88
Low Date 10/30/2023
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.