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Archive
- 4/19/2024 -
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iShares Lehman 20+ Year Treas Bond (TLT) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the iShares Lehman 20+ Year Treas Bond (TLT). During the week, the TLT dropped -1.14 points, or -1.26%, and closed at 89.15 on Friday, April 19, 2024. Weekly volume was 35% 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. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance 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 87.79 on April 16, 2024. TLT lost 12.78 points, or 12.71%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (89.66) is broken. Usually a broken support is considered to be a long-term bearish 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 support 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. 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 28, 2024 at 95.02 and reached 87.79 on April 16, 2024. TLT lost 7.23 points, or 7.61%, in 19 days. The chart has formed a Falling Wedge chart pattern.
 Daily Technical Indicators: [See TLT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since March 28, 2024. This is an indication that the short-term trend is down.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| High |
95.02 |
| High Date |
03/28/2024 |
| Low |
87.79 |
| Low Date |
04/16/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
96.40 |
| High Date |
03/07/2024 |
| Low |
87.79 |
| Low Date |
04/16/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Support |
| Resistance |
93.78 |
| Support |
89.66 |
| High |
100.57 |
| High Date |
12/28/2023 |
| Low |
87.79 |
| Low Date |
04/16/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
82.42 |
| Low Date |
10/23/2023 |
| High |
100.57 |
| High Date |
12/28/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
179.70 |
| High Date |
03/09/2020 |
| Low |
82.42 |
| Low Date |
10/23/2023 |
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