|
|
Archive
- 5/3/2024 -
Sign In to see current Signals. |
iShares Lehman 20+ Year Treas Bond (TLT) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week after 4 consecutive negative weeks for the iShares Lehman 20+ Year Treas Bond (TLT). During the week, the TLT gained 1.60 points, or 1.81%, and closed at 89.84 on Friday, May 3, 2024. It was the best weekly gain since February 2, 2024. Weekly volume was 32% 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 59.12% 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 87.34 on April 25, 2024. TLT lost 13.23 points, or 13.16%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 89.08 and resistance is at 92.90. 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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.
The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. 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 7, 2024 at 96.40 and reached 87.34 on April 25, 2024. TLT lost 9.06 points, or 9.40%, in 49 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 86.15 and resistance is at 92.72. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See TLT 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.
During the last week, the price has moved above 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.
| |
|
|