ISHARES SHORT TREASURY BOND (SHV) Stock Technical Analysis
NASDAQ:SHV - Nasdaq - US4642886794 - ETF - Currency: USD
Overall SHV gets a technical rating of 4 out of 10. SHV has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
SHV has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 110.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 110.26, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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108.82
When analyzing the support we notice one important area.
- A support zone ranging from 109.92 to 110.26. 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 110.28 to 110.63. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for SHV is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHV is up. |
| ChartMill Relative Strength | 41.97 | NEUTRAL | SHV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SHV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SHV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.67 | NEUTRAL | The RSI value for SHV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SHV has a positive trend. |
| Stochastics (14,3) | 50.43 | NEUTRAL | The Stochastics value for SHV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.04 | LOW VOLATILITY | The low ATR as a percentage value for SHV suggests low volalility. |
| Average Directional Index/ADX (14) | 16.39 | NEGATIVE | The low ADX value for SHV suggests a weak or negative trend. |
110.28
+0.03 (+0.03%)