The Greedy Trader Weekly Analysis
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Price vs. Lower Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.

The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.

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- 11/8/2024 -
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iShares Lehman Aggregate Bond (AGG) Technical Analysis

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Summary:
Weekly :Broken trend support lineLane's Stochastic is oversoldTrend support at 98.38
Daily :Broken trend resistance lineStochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG climbed 0.78 points, or 0.80%, and closed at 98.50 on Friday, November 8, 2024. It was the best weekly gain since September 6, 2024. Weekly volume was -21% below average.

Long-term trend: [See AGG long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 91.58 and reached 102.04 on September 16, 2024. AGG gained -10.46 points, or -11.42%, in 47 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (98.38) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See AGG medium-term trend chart]
A medium-term uptrend had started on April 25, 2024 at 94.85 and reached 102.04 on September 16, 2024. AGG gained -7.19 points, or -7.58%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (99.05) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since October 11, 2024. 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 September 16, 2024 at 102.04 and reached 97.36 on November 6, 2024. AGG lost 4.68 points, or 4.59%, in 51 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (97.18) 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 short-term trend.

Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

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 is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.95
Williams' Percentage Range (W%R) 58.20
Lane's Stochastic (%D-Slow) 48.21
Greed/Fear Indicator (GFI) 45.32
Moving Average Converg./Diverg. (MACD) -0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.71
Williams' Percentage Range (W%R) 61.20
Lane's Stochastic (%D-Slow) 11.59
Oversold
Greed/Fear Indicator (GFI) 31.83
Moving Average Converg./Diverg. (MACD) 0.77
Trading Signals
Description Value Chart
Monthly Trendline Resistance 104.25
Quarterly Trendline Resistance 102.55
50 Day Moving Average 100.07
Upper Bollinger Band 99.99
Monthly Trendline Support 99.05
20 Day Moving Average 98.72
Price 98.50
Quarterly Trendline Support 98.38
Daily Stochastic Crossing 98.14
Weekly Trendline Resistance 97.95
Weekly Stochastic Crossing 97.85
Parabolic System 97.80
Lower Bollinger Band 97.54
Weekly Trendline Support 97.18
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 97.36
Low Date 11/06/2024
High 98.71
High Date 11/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 97.95
Support 97.18
High 102.04
High Date 09/16/2024
Low 97.36
Low Date 11/06/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 104.25
Support 99.05
Low 94.85
Low Date 04/25/2024
High 102.04
High Date 09/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 102.55
Support 98.38
Low 91.58
Low Date 10/23/2023
High 102.04
High Date 09/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.73
High Date 08/06/2020
Low 91.58
Low Date 10/23/2023
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.