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Archive
- 11/15/2024 -
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iShares Lehman 20+ Year Treas Bond (TLT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the iShares Lehman 20+ Year Treas Bond (TLT). During the week, the TLT dropped -2.41 points, or -2.61%, and closed at 90.08 on Friday, November 15, 2024. On Friday TLT has reached 89.51 - the lowest level since May 31, 2024. Weekly volume was 26% above average.
 Long-term trend: [See TLT long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 82.42 and reached 101.64 on September 17, 2024. TLT gained -19.22 points, or -23.32%, in 47 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (92.84) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TLT may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See TLT medium-term trend chart]
A medium-term downtrend had started on September 17, 2024 at 101.64 and reached 89.51 on November 15, 2024. TLT lost 12.13 points, or 11.93%, in 8 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 88.34 and resistance is at 91.32. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See TLT weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 11, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See TLT short-term trend chart]
A short-term downtrend had started on November 8, 2024 at 92.60 and reached 89.51 on November 15, 2024. TLT lost 3.09 points, or 3.34%, in 7 days. The price is now at the 18.45% retracement level.
 Daily Technical Indicators: [See TLT daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
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 has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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