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Uptrend ExhaustionArchive
- 4/19/2024 -
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iShares Lehman Aggregate Bond (AGG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG gave back -0.58 points, or -0.60%, and closed at 95.38 on Friday, April 19, 2024. Weekly volume was 29% above 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 99.70 on December 27, 2023. AGG gained -8.12 points, or -8.87%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (99.84) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AGG may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See AGG medium-term trend chart]
A medium-term downtrend had started on December 27, 2023 at 99.70 and reached 94.90 on April 16, 2024. AGG lost 4.80 points, or 4.81%, in 15 weeks. The price is now at the 10.00% retracement level.
 Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 March 28, 2024. 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 March 27, 2024 at 98.08 and reached 94.90 on April 16, 2024. AGG lost 3.18 points, or 3.24%, in 20 days. The chart has formed a Falling Channel chart pattern.
Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (96.05) comes close to the price (95.38). 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.
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