The Greedy Trader Weekly Analysis
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iShares Lehman Aggregate Bond
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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldTrend support at 105.26
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldA Parabolic SAR indicator is below and near the pricePrice is close to the 50 Day Moving AverageThe price touches the lower Bollinger Band
Move cursor over the icon to see details.

It was the negative week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG gave back -0.56 points, or -0.53%, and closed at 105.30 on Friday, May 18, 2018. Weekly volume was -23% below 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 105.00 on May 17, 2018. AGG lost 8.27 points, or 7.30%, in 96 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 105.00 on May 17, 2018. AGG lost 5.66 points, or 5.11%, in 36 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (105.26) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See AGG 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 September 29, 2017. This is an indication that the medium-term trend is down. 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 April 17, 2018 at 106.89 and reached 105.00 on May 17, 2018. AGG lost 1.89 points, or 1.77%, in 30 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 105.47 and resistance is at 105.04. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

Daily Technical Indicators: [See AGG 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (105.84) comes close to the price (105.30). 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.

The price touches the lower Bollinger Band. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.09
Williams' Percentage Range (W%R) 85.70
Oversold
Lane's Stochastic (%D-Slow) 21.64
Greed/Fear Indicator (GFI) 23.34
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.02
Williams' Percentage Range (W%R) 96.40
Strong Oversold
Lane's Stochastic (%D-Slow) 15.38
Oversold
Greed/Fear Indicator (GFI) 20.93
Moving Average Converg./Diverg. (MACD) -0.74 Bullish
Trading Signals
Description Value Chart
50 Day Moving Average 106.29
Upper Bollinger Band 106.26
Quarterly Trendline Resistance 106.14
Parabolic System 105.84
20 Day Moving Average 105.68
Weekly Trendline Support 105.47
Price 105.30
Quarterly Trendline Support 105.26
Weekly Stochastic Crossing 105.22
Lower Bollinger Band 105.20
Daily Stochastic Crossing 105.12
Weekly Trendline Resistance 105.04
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 105.90
High Date 05/11/2018
Low 105.00
Low Date 05/17/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 105.04
Support 105.47
High 106.89
High Date 04/17/2018
Low 105.00
Low Date 05/17/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 107.26
High Date 03/29/2018
Low 105.00
Low Date 05/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Support
Resistance 106.14
Support 105.26
High 110.66
High Date 09/07/2017
Low 105.00
Low Date 05/17/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.27
High Date 07/08/2016
Low 105.00
Low Date 05/17/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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