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Price vs. Lower Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
bollinger bands,bollinger band crossover,stock market timing signal,bollinger band indicator screener
Archive
- 11/30/2018
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iShares Lehman Aggregate Bond
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Summary:
Weekly :Stochastic signal line moved above oversold areaBroken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaA Parabolic SAR indicator is above and near the pricePrice has crossed above the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG climbed 0.23 points, or 0.22%, and closed at 104.88 on Friday, November 30, 2018. Weekly volume was 52% above average.

Long-term trend: [See AGG long-term trend chart]
A long-term downtrend had started on September 7, 2017 at 110.66 and reached 103.94 on November 2, 2018. AGG lost 6.72 points, or 6.07%, in 60 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (102.19) 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 long-term trend.

Medium-term trend: [See AGG medium-term trend chart]
A medium-term downtrend had started on May 29, 2018 at 107.00 and reached 103.94 on November 2, 2018. AGG lost 3.06 points, or 2.86%, in 22 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 103.67 and resistance is at 106.43. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since September 28, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 November 8, 2018 at 104.00 and reached 104.99 on November 29, 2018. AGG gained -0.99 points, or -0.95%, in 21 days. The price is now at the 11.11% retracement level.

Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since November 9, 2018. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (104.64) comes close to the price (104.88). 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 is close to 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) 87.00
Overbought
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 77.57
Greed/Fear Indicator (GFI) 86.29
Overbought
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.45
Williams' Percentage Range (W%R) 64.50
Lane's Stochastic (%D-Slow) 26.48
Greed/Fear Indicator (GFI) 34.53
Moving Average Converg./Diverg. (MACD) -0.54
Trading Signals
Description Value Chart
Monthly Trendline Resistance 106.43
Upper Bollinger Band 105.20
Daily Stochastic Crossing 104.91
Price 104.88
50 Day Moving Average 104.67
Parabolic System 104.64
20 Day Moving Average 104.46
Weekly Stochastic Crossing 104.25
Lower Bollinger Band 104.05
Monthly Trendline Support 103.67
Quarterly Trendline Resistance 103.08
Quarterly Trendline Support 102.19
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 104.00
Low Date 11/08/2018
High 104.99
High Date 11/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.94
Low Date 11/02/2018
High 104.99
High Date 11/29/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 106.43
Support 103.67
High 107.00
High Date 05/29/2018
Low 103.94
Low Date 11/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 103.08
Support 102.19
High 110.66
High Date 09/07/2017
Low 103.94
Low Date 11/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 113.27
High Date 07/08/2016
Low 103.94
Low Date 11/02/2018
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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