ISHARES US TREASURY BOND ETF (GOVT) Stock Technical Analysis
NYSEARCA:GOVT • US46429B2676
We assign a technical rating of 7 out of 10 to GOVT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GOVT is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- GOVT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- GOVT has an average volume of 7461730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, GOVT turns out to be only a medium performer in the overall market: it outperformed 42% of all stocks.
- In the last month GOVT has a been trading in a tight range between 22.91 and 23.39.
Although GOVT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
21.94
We found 1 important support area.
- A support zone ranging from 22.16 to 23.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.38 to 23.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GOVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GOVT is up. |
| ChartMill Relative Strength | 42.03 | NEUTRAL | GOVT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GOVT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GOVT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.02 | OVERBOUGHT | The high RSI value suggests GOVT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GOVT has a positive trend. |
| Stochastics (14,3) | 93.07 | OVERBOUGHT | The high Stochastics value suggests GOVT may be overbought. |
| Average True Range in percent/ATR (20) | 0.26 | LOW VOLATILITY | The low ATR as a percentage value for GOVT suggests low volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for GOVT suggests a possible start of a new trend. |
23.37
+0.07 (+0.28%)
ISHARES US TREASURY BOND ETF / GOVT FAQ
Can you provide the ChartMill technical rating for ISHARES US TREASURY BOND ETF?
ChartMill assigns a technical rating of 7 / 10 to GOVT.
What is the current trend direction of ISHARES US TREASURY BOND ETF (GOVT) stock?
The current trend direction for ISHARES US TREASURY BOND ETF (GOVT) is Bullish.
Can you provide the RSI signal for ISHARES US TREASURY BOND ETF?
ISHARES US TREASURY BOND ETF (GOVT) has an RSI value of 70.0201. This indicates that the stock is currently overbought.
Can you provide the MACD signal for ISHARES US TREASURY BOND ETF?
The MACD indicator for ISHARES US TREASURY BOND ETF (GOVT) has a value of 0.0197927, indicating a bearish trend.
What are the support and resistance levels for ISHARES US TREASURY BOND ETF (GOVT) stock?
ISHARES US TREASURY BOND ETF (GOVT) has a support level at 23.26 and a resistance level at 23.38. Check the full technical report for our detailed analysis of GOVT support and resistance levels.