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- 11/19/2021 -
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iShares Lehman 1-3 Year Treasury Bond (SHY)

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Summary:
Weekly :Broken trend support lineBroken trend support lineLane's Stochastic is oversoldLane's Stochastic bullish divergence
Daily :The price has risen above the Parabolic SARThe price touches the upper Bollinger BandPrice is close to the 50 Day Moving Average
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It was the negative week for the iShares Lehman 1-3 Year Treasury Bond (SHY). During the week, the SHY gave back -0.01 points, or -0.01%, and closed at 85.77 on Friday, November 19, 2021. Weekly volume was -21% below average.

Long-term trend: [See SHY long-term trend chart]
A long-term uptrend had started on November 8, 2018 at 82.83 and reached 86.80 on April 30, 2020. SHY gained -3.97 points, or -4.79%, in 77 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (87.27) 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 SHY medium-term trend chart]
A medium-term downtrend had started on April 30, 2020 at 86.80 and reached 85.67 on November 16, 2021. SHY lost 1.13 points, or 1.30%, in 80 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (85.87) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 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. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 September 24, 2021. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See SHY short-term trend chart]
A short-term downtrend had started on November 5, 2021 at 86.00 and reached 85.67 on November 16, 2021. SHY lost 0.33 points, or 0.38%, in 11 days. The price is now at the 30.30% retracement level.

Daily Technical Indicators: [See SHY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 18, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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.

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. 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) 48.00
Williams' Percentage Range (W%R) 42.40
Lane's Stochastic (%D-Slow) 33.25
Greed/Fear Indicator (GFI) 46.28
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.28
Williams' Percentage Range (W%R) 71.60
Lane's Stochastic (%D-Slow) 17.71
Oversold Bullish
Greed/Fear Indicator (GFI) 28.62
Moving Average Converg./Diverg. (MACD) -0.07
Trading Signals
Description Value Chart
Yearly Trendline Resistance 90.72
Yearly Trendline Support 87.27
Quarterly Trendline Resistance 86.12
Upper Bollinger Band 85.99
50 Day Moving Average 85.99
Quarterly Trendline Support 85.87
20 Day Moving Average 85.84
Price 85.77
Weekly Stochastic Crossing 85.77
Daily Stochastic Crossing 85.75
Lower Bollinger Band 85.71
Parabolic System 85.58
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 86.00
High Date 11/05/2021
Low 85.67
Low Date 11/16/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.34
High Date 08/04/2021
Low 85.67
Low Date 11/16/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.33
High Date 05/28/2021
Low 85.67
Low Date 11/16/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 86.12
Support 85.87
High 86.80
High Date 04/30/2020
Low 85.67
Low Date 11/16/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 90.72
Support 87.27
Low 82.83
Low Date 11/08/2018
High 86.80
High Date 04/30/2020
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.

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