The Greedy Trader Weekly Analysis
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iShares Lehman Aggregate Bond (AGG)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index is strongly overboughtLane's Stochastic and MACD bearish divergenceA Parabolic SAR indicator is above and near the priceThe price touches the upper Bollinger Band
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It was a eighth consecutive positive week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG climbed 0.28 points, or 0.23%, and closed at 119.56 on Friday, July 31, 2020. Weekly volume was -22% below average.

Long-term trend: [See AGG long-term trend chart]
A long-term uptrend had started on November 2, 2018 at 103.94 and reached 119.63 on July 31, 2020. AGG gained -15.69 points, or -15.10%, in 91 weeks. Price is near the trend high.

Medium-term trend: [See AGG medium-term trend chart]
A medium-term uptrend had started on March 19, 2020 at 105.56 and reached 119.63 on July 31, 2020. AGG gained -14.07 points, or -13.33%, in 19 weeks. Price is near the trend high.

Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 above its signal line since April 3, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AGG short-term trend chart]
A short-term uptrend had started on June 5, 2020 at 116.48 and reached 119.63 on July 31, 2020. AGG gained -3.15 points, or -2.70%, in 56 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 119.15 and resistance is at 119.70. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic or strongly overbought daily Relative Strength Index. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since June 24, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (119.26) comes close to the price (119.56). 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 upper 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 90.91
Strong Overbought
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 87.59
Overbought Bearish
Greed/Fear Indicator (GFI) 89.15
Overbought
Moving Average Converg./Diverg. (MACD) 0.39 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.00
Williams' Percentage Range (W%R) 1.30
Strong Overbought
Lane's Stochastic (%D-Slow) 95.35
Strong Overbought
Greed/Fear Indicator (GFI) 86.97
Overbought
Moving Average Converg./Diverg. (MACD) 1.23 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 119.75
Weekly Trendline Resistance 119.70
Daily Stochastic Crossing 119.58
Price 119.56
Weekly Stochastic Crossing 119.49
Parabolic System 119.26
Weekly Trendline Support 119.15
20 Day Moving Average 118.91
50 Day Moving Average 118.12
Lower Bollinger Band 118.09
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 119.22
Low Date 07/28/2020
High 119.63
High Date 07/31/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 119.70
Support 119.15
Low 116.48
Low Date 06/05/2020
High 119.63
High Date 07/31/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 116.07
Low Date 05/11/2020
High 119.63
High Date 07/31/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 105.56
Low Date 03/19/2020
High 119.63
High Date 07/31/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.94
Low Date 11/02/2018
High 119.63
High Date 07/31/2020
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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