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iShares Lehman Aggregate Bond
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|It was the negative week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG gave back -0.09 points, or -0.08%, and closed at 106.37 on Friday, March 09, 2018. Weekly volume was 7% above average. |
Long-term trend: [See AGG long-term trend chart]
A long-term downtrend had started on July 8, 2016 at 113.27 and reached 106.26 on February 21, 2018. AGG lost 7.01 points, or 6.19%, in 84 weeks. Price is near the trend low.
Medium-term trend: [See AGG medium-term trend chart]
A medium-term downtrend had started on September 7, 2017 at 110.66 and reached 106.26 on February 21, 2018. AGG lost 4.40 points, or 3.98%, in 23 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (108.31) 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 AGG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 September 29, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See AGG short-term trend chart]
A short-term downtrend had started on March 8, 2018 at 106.63 and reached 106.30 on March 9, 2018. AGG lost 0.33 points, or 0.31%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since February 23, 2018.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.