The Greedy Trader Weekly Analysis
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iShares Lehman 1-3 Year Treasury Bond
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Summary:
Weekly :
Daily :A Parabolic SAR indicator is below and near the priceBullish Doji CandlestickPrice is near the Fibonacci 23.6% retracement levelThe price touches the upper Bollinger BandPrice is close to the 50 Day Moving Average
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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 -0.02 points, or -0.02%, and closed at 83.25 on Friday, July 13, 2018. SHY was trading at average weekly trading volume.

Long-term trend: [See SHY long-term trend chart]
A long-term downtrend had started on September 7, 2017 at 84.72 and reached 83.09 on May 15, 2018. SHY lost 1.63 points, or 1.92%, in 35 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 83.01 and resistance is at 83.39. 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 SHY medium-term trend chart]
A medium-term uptrend had started on May 15, 2018 at 83.09 and reached 83.64 on May 29, 2018. SHY gained -0.55 points, or -0.66%, in 2 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 83.19 and resistance is at 83.31. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See SHY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 18, 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 SHY short-term trend chart]
A short-term downtrend had started on June 28, 2018 at 83.41 and reached 83.20 on July 2, 2018. SHY lost 0.21 points, or 0.25%, in 4 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See SHY daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since July 3, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (83.43) comes close to the price (83.25). 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 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.

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.

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) 42.86
Williams' Percentage Range (W%R) 76.20
Lane's Stochastic (%D-Slow) 24.29
Greed/Fear Indicator (GFI) 30.32
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.00
Williams' Percentage Range (W%R) 70.90
Lane's Stochastic (%D-Slow) 32.73
Greed/Fear Indicator (GFI) 36.99
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Parabolic System 83.43
Quarterly Trendline Resistance 83.39
Upper Bollinger Band 83.38
Monthly Trendline Resistance 83.31
Weekly Stochastic Crossing 83.30
20 Day Moving Average 83.28
Price 83.25
50 Day Moving Average 83.25
Daily Stochastic Crossing 83.22
Monthly Trendline Support 83.19
Lower Bollinger Band 83.16
Quarterly Trendline Support 83.01
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.20
Low Date 07/10/2018
High 83.26
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.41
High Date 06/28/2018
Low 83.20
Low Date 07/02/2018
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 83.31
Support 83.19
Low 83.09
Low Date 05/15/2018
High 83.64
High Date 05/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 83.39
Support 83.01
High 84.72
High Date 09/07/2017
Low 83.09
Low Date 05/15/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.37
High Date 10/13/2014
Low 83.09
Low Date 05/15/2018
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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