The Greedy Trader Weekly Analysis
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- 5/10/2019
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iShares Lehman Aggregate Bond
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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtPrice is close to the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price touches the upper Bollinger Band
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It was a first positive week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG climbed 0.33 points, or 0.30%, and closed at 108.67 on Friday, May 10, 2019. AGG was trading at average weekly trading volume.

Long-term trend: [See AGG long-term trend chart]
A long-term downtrend had started on July 8, 2016 at 113.27 and reached 103.94 on November 2, 2018. AGG lost 9.33 points, or 8.24%, in 121 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (102.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AGG may retest the broken resistance line. It is considered to be a support line now. 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 long-term trend.

Medium-term trend: [See AGG medium-term trend chart]
A medium-term uptrend had started on April 16, 2019 at 108.02 and reached 108.82 on May 10, 2019. AGG gained -0.80 points, or -0.74%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 108.14 and resistance is at 109.17. 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 medium-term trend.

Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 30, 2018. This is an indication that the medium-term trend is up. 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 May 2, 2019 at 108.10 and reached 108.82 on May 10, 2019. AGG gained -0.72 points, or -0.67%, in 8 days. The price is now at the 20.83% retracement level.

Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

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 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. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 65.97
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 72.10
Greed/Fear Indicator (GFI) 76.02
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.60
Williams' Percentage Range (W%R) 12.30
Overbought
Lane's Stochastic (%D-Slow) 69.14
Greed/Fear Indicator (GFI) 71.86
Moving Average Converg./Diverg. (MACD) 0.59
Trading Signals
Description Value Chart
Monthly Trendline Resistance 109.17
Upper Bollinger Band 108.87
Price 108.67
Weekly Stochastic Crossing 108.66
Daily Stochastic Crossing 108.65
20 Day Moving Average 108.39
50 Day Moving Average 108.16
Monthly Trendline Support 108.14
Parabolic System 108.04
Lower Bollinger Band 108.01
Yearly Trendline Resistance 107.75
Yearly Trendline Support 102.28
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 108.10
Low Date 05/02/2019
High 108.82
High Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 108.10
Low Date 05/02/2019
High 108.82
High Date 05/10/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 109.17
Support 108.14
Low 108.02
Low Date 04/16/2019
High 108.82
High Date 05/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.94
Low Date 11/02/2018
High 109.18
High Date 03/27/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 107.75
Support 102.28
High 113.27
High Date 07/08/2016
Low 103.94
Low Date 11/02/2018
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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