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ETFs Technical Analysis - ICFArchive
- 9/20/2024 -
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iShares Cohen & Steers Realty Majors (ICF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the iShares Cohen & Steers Realty Majors (ICF). During the week, the ICF dropped -0.86 points, or -1.28%, and closed at 66.25 on Friday, September 20, 2024. It was the worst weekly loss since May 24, 2024. Weekly volume was 6% above average.
 Long-term trend: [See ICF long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 47.23 and reached 67.57 on September 16, 2024. ICF gained -20.34 points, or -43.07%, in 46 weeks. The price is now at the 6.49% retracement level.
 Medium-term trend: [See ICF medium-term trend chart]
A medium-term uptrend had started on April 18, 2024 at 52.39 and reached 67.57 on September 16, 2024. ICF gained -15.18 points, or -28.97%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (62.58) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See ICF weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 14, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See ICF short-term trend chart]
A short-term uptrend had started on May 29, 2024 at 54.03 and reached 67.57 on September 16, 2024. ICF gained -13.54 points, or -25.06%, in 110 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 65.25 and resistance is at 67.24. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
 Daily Technical Indicators: [See ICF daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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.
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