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iShares Lehman 1-3 Year Treasury Bond (SHY) |
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second positive week after 6 consecutive negative weeks for the iShares Lehman 1-3 Year Treasury Bond (SHY). During the week, the SHY gained 1.06 points, or 1.31%, and closed at 82.27 on Friday, March 17, 2023. Weekly volume was 110% 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 82.41 on March 15, 2023. SHY gained -1.93 points, or -2.40%, in 1 weeks. The price is now at the 7.25% retracement level.
 Medium-term trend: [See SHY medium-term trend chart]
A medium-term downtrend had started on April 30, 2020 at 86.80 and reached 80.48 on March 8, 2023. SHY lost 6.32 points, or 7.28%, in 148 weeks. The price is now at the 28.32% retracement level.
 Weekly Technical Indicators: [See SHY weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since November 18, 2022. 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 8, 2023 at 80.48 and reached 82.41 on March 15, 2023. SHY gained -1.93 points, or -2.40%, in 7 days. The price is now at the 7.25% retracement level.
 Daily Technical Indicators: [See SHY daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since March 9, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
The price touches the upper Bollinger Band. The distance between the Bollinger Bands (2.58%) is close to one year high (2.23%). It is 148.87% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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 advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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