The Greedy Trader Weekly Analysis
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Bond & REIT ETFs Technical Analysis

Archive
- 9/18/2020 -
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iShares Lehman Aggregate Bond (AGG)

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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 61.8% retracement levelThe price touches the lower Bollinger BandThe Bollinger Bands are historically close togetherPrice is close to the 50 Day Moving Average
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It was the negative week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG gave back -0.15 points, or -0.13%, and closed at 118.22 on Friday, September 18, 2020. Weekly volume was -32% below average.

Long-term trend: [See AGG long-term trend chart]
A long-term uptrend had started on November 2, 2018 at 103.94 and reached 119.73 on August 6, 2020. AGG gained -15.79 points, or -15.19%, in 91 weeks. The price is now at the 9.56% retracement level.

Medium-term trend: [See AGG medium-term trend chart]
A medium-term downtrend had started on August 6, 2020 at 119.73 and reached 117.95 on August 27, 2020. AGG lost 1.78 points, or 1.49%, in 3 weeks. The price is now at the 15.17% retracement level.

Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since August 14, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 September 10, 2020 at 118.02 and reached 118.53 on September 16, 2020. AGG gained -0.51 points, or -0.43%, in 6 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price touches the lower Bollinger Band. The distance between the Bollinger Bands (0.64%) is close to one year low (0.67%). It is 71.99% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.22
Williams' Percentage Range (W%R) 46.70
Lane's Stochastic (%D-Slow) 45.91
Greed/Fear Indicator (GFI) 50.80
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.64
Williams' Percentage Range (W%R) 35.20
Lane's Stochastic (%D-Slow) 29.59
Greed/Fear Indicator (GFI) 49.09
Moving Average Converg./Diverg. (MACD) 1.14
Trading Signals
Description Value Chart
Upper Bollinger Band 118.79
50 Day Moving Average 118.73
Weekly Stochastic Crossing 118.43
20 Day Moving Average 118.35
Daily Stochastic Crossing 118.26
Price 118.22
Lower Bollinger Band 118.02
Parabolic System 117.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 118.53
High Date 09/16/2020
Low 118.18
Low Date 09/18/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 118.02
Low Date 09/10/2020
High 118.53
High Date 09/16/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.73
High Date 08/06/2020
Low 117.95
Low Date 08/27/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 105.56
Low Date 03/19/2020
High 119.73
High Date 08/06/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.94
Low Date 11/02/2018
High 119.73
High Date 08/06/2020
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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