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Archive
- 4/5/2024 -
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iShares Lehman 20+ Year Treas Bond (TLT) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :  
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| | It was the negative week for the iShares Lehman 20+ Year Treas Bond (TLT). During the week, the TLT dropped -3.23 points, or -3.41%, and closed at 91.39 on Friday, April 5, 2024. It was the worst weekly loss since October 20, 2023. Weekly volume was 28% above average.
 Long-term trend: [See TLT long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 82.42 and reached 100.57 on December 28, 2023. TLT gained -18.15 points, or -22.02%, in 9 weeks. The price is now at the 50.58% retracement level.
 Medium-term trend: [See TLT medium-term trend chart]
A medium-term downtrend had started on December 28, 2023 at 100.57 and reached 91.05 on April 3, 2024. TLT lost 9.52 points, or 9.47%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 90.23 and resistance is at 94.67. 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 medium-term trend.
 Weekly Technical Indicators: [See TLT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 17, 2023. 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 TLT short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 95.02 and reached 91.05 on April 3, 2024. TLT lost 3.97 points, or 4.18%, in 6 days. The price is now at the 8.56% retracement level.
 Daily Technical Indicators: [See TLT 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. 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.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.
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