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iShares Lehman Aggregate Bond
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|It was a second consecutive positive week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG climbed 0.60 points, or 0.57%, and closed at 105.48 on Friday, December 07, 2018. Weekly volume was 111% above average. |
Long-term trend: [See AGG long-term trend chart]
A long-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 103.61 and resistance is at 106.42. 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 long-term trend.
Medium-term trend: [See AGG medium-term trend chart]
A medium-term uptrend had started on November 2, 2018 at 103.94 and reached 105.55 on December 7, 2018. AGG gained -1.61 points, or -1.55%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (104.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 December 3, 2018 at 104.63 and reached 105.55 on December 7, 2018. AGG gained -0.92 points, or -0.88%, in 4 days. The price is now at the 7.61% retracement level.
Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index 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 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
A Parabolic SAR (stop and reversal) indicator (104.63) comes close to the price (105.48). 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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.