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iShares Lehman Aggregate Bond
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|It was the negative week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG gave back -0.34 points, or -0.32%, and closed at 106.91 on Friday, April 06, 2018. It was the worst weekly loss since February 9, 2018. Weekly volume was 101% above average. |
Long-term trend: [See AGG long-term trend chart]
A long-term downtrend had started on July 8, 2016 at 113.27 and reached 106.08 on March 21, 2018. AGG lost 7.19 points, or 6.35%, in 88 weeks. The price is now at the 11.54% retracement level.
Medium-term trend: [See AGG medium-term trend chart]
A medium-term downtrend had started on September 7, 2017 at 110.66 and reached 106.08 on March 21, 2018. AGG lost 4.58 points, or 4.14%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 105.76 and resistance is at 108.04. 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 Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since September 29, 2017. 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 29, 2018 at 107.26 and reached 106.63 on April 5, 2018. AGG lost 0.63 points, or 0.59%, in 7 days. The price is now at the 44.44% 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.
The daily MACD line is above its signal line since February 23, 2018.
A Parabolic SAR (stop and reversal) indicator (106.49) comes close to the price (106.91). 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.
Price is close to the 50 Day Moving Average. 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.