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 -0.87 points, or -0.83%, and closed at 104.03 on Friday, November 02, 2018. Weekly volume was 92% above average. |
Long-term trend: [See AGG long-term trend chart]
A long-term downtrend had started on September 7, 2017 at 110.66 and reached 103.94 on November 2, 2018. AGG lost 6.72 points, or 6.07%, in 60 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (102.65) is broken. A broken support is considered to be a long-term bullish signal. 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 downtrend had started on May 29, 2018 at 107.00 and reached 103.94 on November 2, 2018. AGG lost 3.06 points, or 2.86%, in 22 weeks. Price is near the trend low.
Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since September 28, 2018. 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 October 26, 2018 at 105.04 and reached 103.94 on November 2, 2018. AGG lost 1.10 points, or 1.05%, in 7 days. The price is now at the 8.18% retracement 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 October 12, 2018. The distance between MACD and the signal line is low and getting smaller.
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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.