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iShares Cohen & Steers Realty Majors
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|It was the negative week for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF gave back -0.28 points, or -0.27%, and closed at 102.78 on Friday, December 01, 2017. It was the worst weekly loss since October 27, 2017. Weekly volume was -25% below average. |
Long-term trend: [See ICF long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 23.04 and reached 112.45 on July 29, 2016. ICF gained -89.41 points, or -388.06%, in 386 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 78.44 and resistance is at 116.96. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
Medium-term trend: [See ICF medium-term trend chart]
A medium-term downtrend had started on July 29, 2016 at 112.45 and reached 93.02 on November 10, 2016. ICF lost 19.43 points, or 17.28%, in 14 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 98.13 and resistance is at 105.14. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a medium-term trend.
Weekly Technical Indicators: [See ICF weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 10, 2017. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See ICF short-term trend chart]
A short-term uptrend had started on October 27, 2017 at 98.37 and reached 104.12 on November 13, 2017. ICF gained -5.75 points, or -5.85%, in 17 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See ICF daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (103.38) comes close to the price (102.78). 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 is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (2.61%) is close to one year low (2.65%). It indicates the period of low volatility of the stock price, and it is considered a buy 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.