iShares 1-3 Year Treasury Bond Fund Technical Analysis (NASDAQ:SHY)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. Just by looking at the iShares 1-3 Year Treasury Bond Fund Price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the SHY Chart which creates a trading signal.
See iShares 1-3 Year Treasury Bond Fund bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use Price movements for this form of iShares 1-3 Year Treasury Bond Fund Analysis.
iShares 1-3 Year Treasury Bond Fund Moving Average
Moving averages show the average price of SHY stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. The 20 day moving average of $83.28 is above the last closing price of $83.25 and the 50 day moving average of $83.26 is above the last closing price of $83.25. The 10 and 20 day periods can predict short term moving average trends.
iShares 1-3 Year Treasury Bond Fund Bollinger Bands
Bollinger bands comprise of a center line usually SHY SMA, and two SHY Price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as Price moves closer towards the lower band. Currently the Price of $83.25 is in the lower range of iShares 1-3 Year Treasury Bond Fund bollinger bands.
iShares 1-3 Year Treasury Bond Fund Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the Prices will go up. The iShares 1-3 Year Treasury Bond Fund MACD indicator can be used to identify bullish and bearish trends for the stock.
iShares 1-3 Year Treasury Bond Fund Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of SHY stock is 33.33.