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Advanced TA SearchArchive
- 2/7/2020 -
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iShares Lehman Aggregate Bond (AGG) |
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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 -0.43 points, or -0.38%, and closed at 114.22 on Friday, February 7, 2020. It was the worst weekly loss since December 20, 2019. Weekly volume was -6% below average.
 Long-term trend: [See AGG long-term trend chart]
A long-term uptrend had started on November 7, 2019 at 111.64 and reached 114.67 on January 31, 2020. AGG gained -3.03 points, or -2.71%, in 12 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 112.69 and resistance is at 114.84. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See AGG medium-term trend chart]
A medium-term uptrend had started on December 19, 2019 at 112.13 and reached 114.67 on January 31, 2020. AGG gained -2.54 points, or -2.27%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 113.80 and resistance is at 115.13. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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.
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 downtrend had started on January 31, 2020 at 114.67 and reached 113.76 on February 5, 2020. AGG lost 0.91 points, or 0.79%, in 5 days. The price is now at the 50.55% retracement level.
 Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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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