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ETFs Technical Analysis - SHYArchive
- 5/8/2026 -
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iShares Lehman 1-3 Year Treasury Bond (SHY) Technical Analysis
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| Summary:
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| | It was a first positive week for the iShares Lehman 1-3 Year Treasury Bond (SHY). During the week, the SHY climbed 0.05 points, or 0.06%, and closed at 82.30 on Friday, May 8, 2026. Weekly volume was -29% below average.
 Long-term trend: [See SHY long-term trend chart]
A long-term downtrend had started on February 27, 2026 at 83.20 and reached 82.10 on May 4, 2026. SHY lost 1.10 points, or 1.32%, in 9 weeks. The price is now at the 18.18% retracement level.
 Medium-term trend: [See SHY medium-term trend chart]
A medium-term downtrend had started on April 17, 2026 at 82.66 and reached 82.10 on May 4, 2026. SHY lost 0.56 points, or 0.68%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 81.90 and resistance is at 82.45. 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 SHY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 27, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 4, 2026 at 82.10 and reached 82.36 on May 7, 2026. SHY gained -0.26 points, or -0.32%, in 3 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 April 28, 2026.
A Parabolic SAR (stop and reversal) indicator (82.51) comes close to the price (82.30). 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 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.
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.
 Candlestick pattern: [See SHY candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.
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