The Greedy Trader Weekly Analysis
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Archive
- 4/13/2018
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iShares Lehman Aggregate Bond
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Summary:
Weekly :Williams' Percentage Range is oversoldStochastic signal line moved above oversold area
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 61.8% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG gave back -0.11 points, or -0.10%, and closed at 106.80 on Friday, April 13, 2018. Weekly volume was 50% 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 chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 106.05 and resistance is at 112.55. 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 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 105.62 and resistance is at 107.95. 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 Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range 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. 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 April 5, 2018 at 106.63 and reached 107.06 on April 11, 2018. AGG gained -0.43 points, or -0.40%, 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.

The daily MACD line is above its signal line since February 23, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

During the last week, the price has declined below 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.42
Williams' Percentage Range (W%R) 48.30
Lane's Stochastic (%D-Slow) 47.69
Greed/Fear Indicator (GFI) 51.27
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.86
Williams' Percentage Range (W%R) 82.80
Oversold
Lane's Stochastic (%D-Slow) 29.25
Greed/Fear Indicator (GFI) 29.05
Moving Average Converg./Diverg. (MACD) -0.64
Trading Signals
Description Value Chart
Yearly Trendline Resistance 112.55
Quarterly Trendline Resistance 107.95
Parabolic System 107.37
Upper Bollinger Band 107.22
Monthly Trendline Resistance 107.01
Monthly Trendline Support 106.96
Daily Stochastic Crossing 106.82
Price 106.80
20 Day Moving Average 106.78
50 Day Moving Average 106.74
Weekly Stochastic Crossing 106.48
Lower Bollinger Band 106.40
Yearly Trendline Support 106.05
Quarterly Trendline Support 105.62
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 107.06
High Date 04/11/2018
Low 106.67
Low Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 106.63
Low Date 04/05/2018
High 107.06
High Date 04/11/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 107.01
Support 106.96
Low 106.08
Low Date 03/21/2018
High 107.26
High Date 03/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 107.95
Support 105.62
High 110.66
High Date 09/07/2017
Low 106.08
Low Date 03/21/2018
Description Value
Direction Down
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 112.55
Support 106.05
High 113.27
High Date 07/08/2016
Low 106.08
Low Date 03/21/2018
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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