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Archive - 4/19/2024 - Sign In to see current Signals. |
iShares Lehman TIPS Bond (TIP) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the iShares Lehman TIPS Bond (TIP). During the week, the TIP gave back -0.34 points, or -0.32%, and closed at 105.78 on Friday, April 19, 2024. Weekly volume was -18% below average. Long-term trend: [See TIP long-term trend chart] A long-term downtrend had started on November 10, 2021 at 131.37 and reached 101.74 on October 6, 2023. TIP lost 29.63 points, or 22.55%, in 99 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (100.22) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend. Medium-term trend: [See TIP medium-term trend chart] A medium-term uptrend had started on October 6, 2023 at 101.74 and reached 108.54 on February 1, 2024. TIP gained -6.80 points, or -6.68%, in 16 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (107.74) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TIP may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend. Weekly Technical Indicators: [See TIP weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help. Short-term trend: [See TIP short-term trend chart] A short-term downtrend had started on March 28, 2024 at 107.55 and reached 105.31 on April 16, 2024. TIP lost 2.24 points, or 2.08%, in 19 days. The chart has formed a Falling Channel chart pattern. Daily Technical Indicators: [See TIP daily technical indicators chart] Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Lane's Stochastic help. The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down. A Parabolic SAR (stop and reversal) indicator (106.09) comes close to the price (105.78). 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. 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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