|
Downtrend Broken Resist.Archive - 4/26/2024 - Sign In to see current Signals. |
iShares Lehman 7-10 Year Treasury (IEF) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF gave back -0.25 points, or -0.27%, and closed at 91.49 on Friday, April 26, 2024. Weekly volume was -33% below average. Long-term trend: [See IEF long-term trend chart] A long-term uptrend had started on October 19, 2023 at 88.86 and reached 97.11 on February 1, 2024. IEF gained -8.25 points, or -9.28%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (95.86) 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. IEF 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 IEF medium-term trend chart] A medium-term downtrend had started on February 1, 2024 at 97.11 and reached 91.02 on April 25, 2024. IEF lost 6.09 points, or 6.27%, in 12 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (93.47) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 IEF 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 March 28, 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 IEF short-term trend chart] A short-term downtrend had started on March 27, 2024 at 94.79 and reached 91.02 on April 25, 2024. IEF lost 3.77 points, or 3.98%, in 29 days. The price is now at the 12.47% retracement level. Daily Technical Indicators: [See IEF 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 Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak. A Parabolic SAR (stop and reversal) indicator (92.17) comes close to the price (91.49). 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.
| |
|
|