The Greedy Trader Weekly Analysis
Sign In Apr 5, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/28/2024 -
Sign In to see current Signals.

iShares Lehman 1-3 Year Treasury Bond (SHY) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is oversoldBroken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtPrice is close to the 50 Day Moving AverageA Parabolic SAR indicator is below and near the priceThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a second consecutive positive week for the iShares Lehman 1-3 Year Treasury Bond (SHY). During the week, the SHY climbed 0.02 points, or 0.02%, and closed at 81.78 on Thursday, March 28, 2024. Weekly volume was -30% below average.

Long-term trend: [See SHY long-term trend chart]
A long-term downtrend had started on April 30, 2020 at 86.80 and reached 80.48 on March 8, 2023. SHY lost 6.32 points, or 7.28%, in 148 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (80.71) 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. SHY 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 SHY medium-term trend chart]
A medium-term downtrend had started on January 31, 2024 at 82.39 and reached 81.47 on March 18, 2024. SHY lost 0.92 points, or 1.12%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (81.46) 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. SHY 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 medium-term trend.

Weekly Technical Indicators: [See SHY weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since March 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See SHY short-term trend chart]
A short-term uptrend had started on March 18, 2024 at 81.47 and reached 81.85 on March 27, 2024. SHY gained -0.38 points, or -0.47%, in 9 days. The price is now at the 18.42% retracement level.

Daily Technical Indicators: [See SHY daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since March 19, 2024. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (81.92) comes close to the price (81.78). 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.

The price touches the upper Bollinger Band. 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.72
Williams' Percentage Range (W%R) 23.10
Lane's Stochastic (%D-Slow) 87.52
Overbought
Greed/Fear Indicator (GFI) 71.05
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.32
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 19.40
Oversold
Greed/Fear Indicator (GFI) 41.60
Moving Average Converg./Diverg. (MACD) 0.14
Trading Signals
Description Value Chart
Parabolic System 81.92
Upper Bollinger Band 81.89
Daily Stochastic Crossing 81.81
50 Day Moving Average 81.79
Price 81.78
20 Day Moving Average 81.67
Weekly Stochastic Crossing 81.63
Monthly Trendline Resistance 81.57
Lower Bollinger Band 81.51
Monthly Trendline Support 81.46
Yearly Trendline Resistance 81.33
Yearly Trendline Support 80.71
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 81.47
Low Date 03/18/2024
High 81.85
High Date 03/27/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.47
Low Date 03/18/2024
High 81.85
High Date 03/27/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 81.57
Support 81.46
High 82.39
High Date 01/31/2024
Low 81.47
Low Date 03/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 80.55
Low Date 07/06/2023
High 82.39
High Date 01/31/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 81.33
Support 80.71
High 86.80
High Date 04/30/2020
Low 80.48
Low Date 03/08/2023
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.