The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 5/2/2025 -
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iShares Lehman 1-3 Year Treasury Bond (SHY) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger Band
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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 -0.31 points, or -0.37%, and closed at 82.53 on Friday, May 2, 2025. It was the worst weekly loss since February 7, 2025. Weekly volume was 11% above average.

Long-term trend: [See SHY long-term trend chart]
A long-term uptrend had started on March 8, 2023 at 80.48 and reached 83.30 on September 24, 2024. SHY gained -2.82 points, or -3.50%, in 80 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 81.00 and resistance is at 83.35. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See SHY medium-term trend chart]
A medium-term uptrend had started on December 18, 2024 at 81.67 and reached 83.12 on April 30, 2025. SHY gained -1.45 points, or -1.78%, in 19 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is above its signal line since February 21, 2025. This is an indication that the medium-term trend is up. 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 19, 2025 at 82.34 and reached 83.12 on April 30, 2025. SHY gained -0.78 points, or -0.95%, in 42 days. The price is now at the 75.64% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 lower 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 53.33
Williams' Percentage Range (W%R) 61.70
Lane's Stochastic (%D-Slow) 62.90
Greed/Fear Indicator (GFI) 51.50
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.65
Williams' Percentage Range (W%R) 34.50
Lane's Stochastic (%D-Slow) 69.70
Greed/Fear Indicator (GFI) 63.23
Moving Average Converg./Diverg. (MACD) 0.09
Trading Signals
Description Value Chart
Yearly Trendline Resistance 83.35
Parabolic System 83.20
Upper Bollinger Band 83.04
Weekly Stochastic Crossing 82.85
Daily Stochastic Crossing 82.83
20 Day Moving Average 82.72
50 Day Moving Average 82.57
Price 82.53
Lower Bollinger Band 82.40
Yearly Trendline Support 81.00
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 82.34
Low Date 03/19/2025
High 83.12
High Date 04/30/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.87
Low Date 02/12/2025
High 83.12
High Date 04/30/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.67
Low Date 12/18/2024
High 83.12
High Date 04/30/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.30
High Date 09/24/2024
Low 81.67
Low Date 12/18/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 83.35
Support 81.00
Low 80.48
Low Date 03/08/2023
High 83.30
High Date 09/24/2024
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.