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iShares Lehman 7-10 Year Treasury
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|It was a first positive week after 4 consecutive negative weeks for the iShares Lehman 7-10 Year Treasury (IEF). During the week, the IEF climbed 0.65 points, or 0.64%, and closed at 102.37 on Friday, August 10, 2018. It was the best weekly gain since May 25, 2018. Weekly volume was 24% above average. |
Long-term trend: [See IEF long-term trend chart]
A long-term downtrend had started on July 5, 2016 at 113.91 and reached 100.33 on May 17, 2018. IEF lost 13.58 points, or 11.92%, in 97 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 99.82 and resistance is at 104.81. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
Medium-term trend: [See IEF medium-term trend chart]
A medium-term uptrend had started on May 17, 2018 at 100.33 and reached 103.20 on May 29, 2018. IEF gained -2.87 points, or -2.86%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 103.05 and resistance is at 102.04. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
Weekly Technical Indicators: [See IEF weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 25, 2018. This is an indication that the medium-term trend is up. 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 May 29, 2018 at 103.20 and reached 101.16 on June 13, 2018. IEF lost 2.04 points, or 1.98%, in 15 days. The chart has formed a Rectangle chart pattern. The trend support level is at 100.59 and resistance is at 102.64. 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 short-term trend.
Daily Technical Indicators: [See IEF 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.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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 upper 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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.