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Uptrend ExhaustionArchive - 4/26/2024 - Sign In to see current Signals. |
iShares Lehman 1-3 Year Treasury Bond (SHY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week after 3 consecutive negative weeks for the iShares Lehman 1-3 Year Treasury Bond (SHY). During the week, the SHY climbed 0.04 points, or 0.05%, and closed at 81.21 on Friday, April 26, 2024. Weekly volume was -22% below average. Long-term trend: [See SHY long-term trend chart] A long-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 chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (81.22). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend. Medium-term trend: [See SHY medium-term trend chart] A medium-term uptrend had started on July 6, 2023 at 80.55 and reached 82.39 on January 31, 2024. SHY gained -1.84 points, or -2.28%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 80.78 and resistance is at 82.83. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend. Weekly Technical Indicators: [See SHY weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is below its signal line since March 1, 2024. 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 April 10, 2024 at 81.05 and reached 81.30 on April 23, 2024. SHY gained -0.25 points, or -0.31%, in 13 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 81.13 and resistance is at 81.32. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend. Daily Technical Indicators: [See SHY 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 (81.33) comes close to the price (81.21). 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.
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