The Greedy Trader Weekly Analysis
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- 12/1/2017
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iShares Lehman 1-3 Year Treasury Bond
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Summary:
Weekly :Relative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergencePrice is close to the 50 Day Moving AverageBullish Doji Candlestick
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It was the negative week for the iShares Lehman 1-3 Year Treasury Bond (SHY). During the week, the SHY gave back -0.12 points, or -0.14%, and closed at 83.98 on Friday, December 01, 2017. It was the worst weekly loss since September 15, 2017. Weekly volume was -14% below average.

Long-term trend: [See SHY long-term trend chart]
A long-term downtrend had started on October 13, 2014 at 85.37 and reached 83.92 on December 1, 2017. SHY lost 1.45 points, or 1.70%, in 163 weeks. Price is near the trend low.

Medium-term trend: [See SHY medium-term trend chart]
A medium-term downtrend had started on September 7, 2017 at 84.72 and reached 83.92 on December 1, 2017. SHY lost 0.80 points, or 0.94%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 83.93 and resistance is at 84.10. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See SHY weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 15, 2017. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See SHY short-term trend chart]
A short-term downtrend had started on November 24, 2017 at 84.13 and reached 83.92 on December 1, 2017. SHY lost 0.21 points, or 0.25%, in 7 days. The price is now at the 28.57% retracement level.

Daily Technical Indicators: [See SHY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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.

Candlestick pattern: [See SHY candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.95
Williams' Percentage Range (W%R) 80.60
Oversold
Lane's Stochastic (%D-Slow) 43.33
Bullish
Greed/Fear Indicator (GFI) 30.54
Moving Average Converg./Diverg. (MACD) -0.06 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.69
Oversold
Williams' Percentage Range (W%R) 92.50
Strong Oversold
Lane's Stochastic (%D-Slow) 7.91
Strong Oversold
Greed/Fear Indicator (GFI) 15.93
Oversold
Moving Average Converg./Diverg. (MACD) -0.07
Trading Signals
Description Value Chart
50 Day Moving Average 84.26
Upper Bollinger Band 84.24
Parabolic System 84.21
20 Day Moving Average 84.11
Quarterly Trendline Resistance 84.10
Daily Stochastic Crossing 84.01
Lower Bollinger Band 84.00
Price 83.98
Weekly Stochastic Crossing 83.95
Quarterly Trendline Support 83.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 84.13
High Date 11/24/2017
Low 83.92
Low Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.13
High Date 11/24/2017
Low 83.92
Low Date 12/01/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 84.13
High Date 11/24/2017
Low 83.92
Low Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 84.10
Support 83.93
High 84.72
High Date 09/07/2017
Low 83.92
Low Date 12/01/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.37
High Date 10/13/2014
Low 83.92
Low Date 12/01/2017
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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