The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Archive
- 2/8/2019
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iShares Lehman Aggregate Bond
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Summary:
Weekly :Relative Strength Index is strongly overboughtRelative Strength Index bearish divergenceBroken trend resistance linePrice is near the Fibonacci 23.6% retracement level
Daily :A Parabolic SAR indicator is above and near the priceThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a third consecutive positive week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG climbed 0.37 points, or 0.35%, and closed at 107.34 on Friday, February 8, 2019. Weekly volume was 72% 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 Wedge chart pattern. The downtrend resistance line (103.36) 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 uptrend had started on November 2, 2018 at 103.94 and reached 108.51 on January 22, 2019. AGG gained -4.57 points, or -4.40%, in 11 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Relative Strength Index 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. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 January 23, 2019 at 106.37 and reached 107.53 on January 31, 2019. AGG gained -1.16 points, or -1.09%, in 8 days. The price is now at the 16.38% 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 February 7, 2019. 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.

A Parabolic SAR (stop and reversal) indicator (107.05) comes close to the price (107.34). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.88
Williams' Percentage Range (W%R) 60.10
Lane's Stochastic (%D-Slow) 56.66
Greed/Fear Indicator (GFI) 55.48
Moving Average Converg./Diverg. (MACD) 0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 91.27
Strong Overbought Bearish
Williams' Percentage Range (W%R) 29.30
Lane's Stochastic (%D-Slow) 68.88
Greed/Fear Indicator (GFI) 69.85
Moving Average Converg./Diverg. (MACD) -0.08
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 107.46
Upper Bollinger Band 107.46
Price 107.34
Daily Stochastic Crossing 107.22
Parabolic System 107.05
20 Day Moving Average 106.78
50 Day Moving Average 106.17
Lower Bollinger Band 106.15
Quarterly Trendline Resistance 103.44
Quarterly Trendline Support 103.36
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 106.37
Low Date 01/23/2019
High 107.53
High Date 01/31/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 106.28
Low Date 01/18/2019
High 108.51
High Date 01/22/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.94
Low Date 11/02/2018
High 108.51
High Date 01/22/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 103.44
Support 103.36
High 110.66
High Date 09/07/2017
Low 103.94
Low Date 11/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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