The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 5/29/2026 -
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iShares Lehman Aggregate Bond (AGG) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtA Parabolic SAR indicator is above and near the pricePrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG climbed 0.62 points, or 0.63%, and closed at 99.06 on Friday, May 29, 2026. Weekly volume was -14% below average.

Long-term trend: [See AGG long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 91.58 and reached 102.04 on September 16, 2024. AGG gained -10.46 points, or -11.42%, in 47 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (100.43) is broken. A broken support is considered to be a long-term bearish signal. 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 long-term trend.

Medium-term trend: [See AGG medium-term trend chart]
A medium-term downtrend had started on February 27, 2026 at 101.46 and reached 97.52 on May 19, 2026. AGG lost 3.94 points, or 3.88%, in 11 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (97.36) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AGG may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 27, 2026. 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 uptrend had started on May 19, 2026 at 97.52 and reached 99.19 on May 29, 2026. AGG gained -1.67 points, or -1.71%, in 10 days. The price is now at the 7.78% retracement level.

Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.

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

A Parabolic SAR (stop and reversal) indicator (98.18) comes close to the price (99.06). 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 48.04
Williams' Percentage Range (W%R) 16.00
Overbought
Lane's Stochastic (%D-Slow) 86.84
Overbought
Greed/Fear Indicator (GFI) 72.96
Moving Average Converg./Diverg. (MACD) -0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.64
Williams' Percentage Range (W%R) 60.00
Lane's Stochastic (%D-Slow) 29.62
Greed/Fear Indicator (GFI) 38.21
Moving Average Converg./Diverg. (MACD) -0.13 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 101.35
Yearly Trendline Support 100.43
Upper Bollinger Band 99.55
Price 99.06
Daily Stochastic Crossing 99.05
50 Day Moving Average 99.02
Quarterly Trendline Resistance 98.76
Monthly Trendline Resistance 98.74
20 Day Moving Average 98.63
Weekly Stochastic Crossing 98.24
Parabolic System 98.18
Lower Bollinger Band 97.92
Quarterly Trendline Support 97.36
Monthly Trendline Support 96.95
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 97.52
Low Date 05/19/2026
High 99.19
High Date 05/29/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 97.52
Low Date 05/19/2026
High 99.19
High Date 05/29/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 98.74
Support 96.95
High 100.00
High Date 04/17/2026
Low 97.52
Low Date 05/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 98.76
Support 97.36
High 101.46
High Date 02/27/2026
Low 97.52
Low Date 05/19/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 101.35
Support 100.43
Low 91.58
Low Date 10/23/2023
High 102.04
High Date 09/16/2024
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.