The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Testing Resistance
Monthly Pattern:Falling Channel
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/19/2024 -
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iShares Lehman TIPS Bond (TIP) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageLane's Stochastic is oversoldA Parabolic SAR indicator is below and near the price
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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.57
Williams' Percentage Range (W%R) 76.80
Lane's Stochastic (%D-Slow) 19.52
Oversold
Greed/Fear Indicator (GFI) 27.43
Moving Average Converg./Diverg. (MACD) -0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.76
Williams' Percentage Range (W%R) 63.20
Lane's Stochastic (%D-Slow) 32.15
Greed/Fear Indicator (GFI) 38.96
Moving Average Converg./Diverg. (MACD) 0.19
Trading Signals
Description Value Chart
Quarterly Trendline Support 107.74
Upper Bollinger Band 107.54
Quarterly Trendline Resistance 106.85
50 Day Moving Average 106.55
20 Day Moving Average 106.47
Weekly Stochastic Crossing 106.13
Parabolic System 106.09
Price 105.78
Daily Stochastic Crossing 105.53
Lower Bollinger Band 104.97
Yearly Trendline Support 100.22
Yearly Trendline Resistance 96.31
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 107.55
High Date 03/28/2024
Low 105.31
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 107.82
High Date 03/06/2024
Low 105.31
Low Date 04/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 108.54
High Date 02/01/2024
Low 105.31
Low Date 04/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 106.85
Support 107.74
Low 101.74
Low Date 10/06/2023
High 108.54
High Date 02/01/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 96.31
Support 100.22
High 131.37
High Date 11/10/2021
Low 101.74
Low Date 10/06/2023
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.