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iShares Lehman Aggregate Bond (AGG) |
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG gave back -0.51 points, or -0.52%, and closed at 97.57 on Friday, May 26, 2023. Weekly volume was -6% below average.
 Long-term trend: [See AGG long-term trend chart]
A long-term downtrend had started on August 6, 2020 at 119.73 and reached 93.20 on October 21, 2022. AGG lost 26.53 points, or 22.16%, in 115 weeks. The price is now at the 16.47% retracement level.
 Medium-term trend: [See AGG medium-term trend chart]
A medium-term uptrend had started on October 21, 2022 at 93.20 and reached 101.15 on February 2, 2023. AGG gained -7.95 points, or -8.53%, in 14 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (98.07) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AGG may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 18, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 May 4, 2023 at 100.42 and reached 97.24 on May 26, 2023. AGG lost 3.18 points, or 3.17%, in 22 days. The price is now at the 10.38% retracement level.
 Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. 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. 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 daily MACD line is below its signal line since May 5, 2023. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (98.51) comes close to the price (97.57). 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.
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