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- 11/8/2024 -
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iShares Lehman TIPS Bond (TIP) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :A Parabolic SAR indicator is above and near the priceBroken trend resistance lineDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week after 3 consecutive negative weeks for the iShares Lehman TIPS Bond (TIP). During the week, the TIP climbed 0.80 points, or 0.74%, and closed at 108.60 on Friday, November 8, 2024. It was the best weekly gain since September 13, 2024. Weekly volume was 28% above average.

Long-term trend: [See TIP long-term trend chart]
A long-term downtrend had started on November 10, 2021 at 131.37 and reached 101.74 on October 6, 2023. TIP lost 29.63 points, or 22.55%, in 99 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (98.62) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See TIP medium-term trend chart]
A medium-term uptrend had started on May 1, 2024 at 104.67 and reached 111.06 on September 18, 2024. TIP gained -6.39 points, or -6.10%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (110.70) 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 medium-term trend.

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

The weekly MACD line is below its signal line since October 18, 2024. Use the following link to access a MACD help.

Short-term trend: [See TIP short-term trend chart]
A short-term downtrend had started on September 18, 2024 at 111.06 and reached 107.40 on November 6, 2024. TIP lost 3.66 points, or 3.30%, in 49 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (107.11) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

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

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

A Parabolic SAR (stop and reversal) indicator (107.89) comes close to the price (108.60). 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 50.51
Williams' Percentage Range (W%R) 51.10
Lane's Stochastic (%D-Slow) 47.45
Greed/Fear Indicator (GFI) 48.95
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.54
Williams' Percentage Range (W%R) 49.10
Lane's Stochastic (%D-Slow) 25.64
Greed/Fear Indicator (GFI) 42.38
Moving Average Converg./Diverg. (MACD) 0.74
Trading Signals
Description Value Chart
Monthly Trendline Resistance 113.33
Monthly Trendline Support 110.70
Upper Bollinger Band 109.66
50 Day Moving Average 109.43
Price 108.60
20 Day Moving Average 108.55
Daily Stochastic Crossing 108.17
Weekly Stochastic Crossing 108.12
Weekly Trendline Resistance 108.01
Parabolic System 107.89
Lower Bollinger Band 107.49
Weekly Trendline Support 107.11
Yearly Trendline Support 98.62
Yearly Trendline Resistance 88.23
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 107.40
Low Date 11/06/2024
High 108.70
High Date 11/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 108.01
Support 107.11
High 111.06
High Date 09/18/2024
Low 107.40
Low Date 11/06/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 113.33
Support 110.70
Low 104.67
Low Date 05/01/2024
High 111.06
High Date 09/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 101.74
Low Date 10/06/2023
High 111.06
High Date 09/18/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 88.23
Support 98.62
High 131.37
High Date 11/10/2021
Low 101.74
Low Date 10/06/2023
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.