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Uptrend SupportArchive
- 4/26/2024 -
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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 -0.91 points, or -1.02%, and closed at 88.24 on Friday, April 26, 2024. TLT was trading at average weekly trading volume.
 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 67.93% 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 downtrend support line (89.37) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 87.34 on April 25, 2024. TLT lost 7.68 points, or 8.08%, in 28 days. The price is now at the 11.72% retracement level.
 Daily Technical Indicators: [See TLT daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (88.69) comes close to the price (88.24). 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.
 Candlestick pattern: [See TLT candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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