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Uptrend ExhaustionArchive
- 4/12/2024 -
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iShares Lehman TIPS Bond (TIP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the iShares Lehman TIPS Bond (TIP). During the week, the TIP gave back -0.51 points, or -0.48%, and closed at 106.12 on Friday, April 12, 2024. Weekly volume was 17% 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 (100.28) 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 October 6, 2023 at 101.74 and reached 108.54 on February 1, 2024. TIP gained -6.80 points, or -6.68%, in 16 weeks. The price is now at the 35.59% retracement level.
 Weekly Technical Indicators: [See TIP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See TIP short-term trend chart]
A short-term uptrend had started on April 11, 2024 at 105.65 and reached 106.40 on April 12, 2024. TIP gained -0.75 points, or -0.71%, in 1 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See TIP daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 1, 2024.
A Parabolic SAR (stop and reversal) indicator (106.9) comes close to the price (106.12). 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.
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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