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Advanced TA SearchArchive - 5/10/2024 - Sign In to see current Signals. |
iShares Dow Jones US Real Estate (IYR) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a third positive week after 3 consecutive negative weeks for the iShares Dow Jones US Real Estate (IYR). During the week, the IYR gained 1.65 points, or 1.95%, and closed at 86.24 on Friday, May 10, 2024. It was the best weekly gain since March 28, 2024. IYR was trading at average weekly trading volume. Long-term trend: [See IYR long-term trend chart] A long-term uptrend had started on October 30, 2023 at 72.88 and reached 92.85 on December 14, 2023. IYR gained -19.97 points, or -27.40%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (93.86) 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 long-term trend. Medium-term trend: [See IYR medium-term trend chart] A medium-term downtrend had started on December 14, 2023 at 92.85 and reached 81.25 on April 18, 2024. IYR lost 11.60 points, or 12.49%, in 18 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 80.19 and resistance is at 89.98. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 March 28, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help. Short-term trend: [See IYR short-term trend chart] A short-term uptrend had started on April 18, 2024 at 81.25 and reached 86.69 on May 10, 2024. IYR gained -5.44 points, or -6.70%, in 22 days. The price is now at the 8.27% retracement level. Daily Technical Indicators: [See IYR daily technical indicators chart] Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 April 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong. Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.
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