The Greedy Trader Weekly Analysis
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Daily W%R:> 90
Number of records: 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 9/15/2023 -
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iShares Lehman Aggregate Bond (AGG) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversold
Daily :A Parabolic SAR indicator is below and near the price
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It was the negative week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG gave back -0.29 points, or -0.30%, and closed at 95.49 on Friday, September 15, 2023. Weekly volume was -29% 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 8.63% retracement level.

Medium-term trend: [See AGG medium-term trend chart]
A medium-term downtrend had started on February 2, 2023 at 101.15 and reached 95.04 on August 21, 2023. AGG lost 6.11 points, or 6.04%, in 28 weeks. The price is now at the 7.36% retracement level.

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 June 2, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 September 8, 2023 at 96.02 and reached 95.48 on September 15, 2023. AGG lost 0.54 points, or 0.56%, in 7 days. Price is near the trend low.

Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since August 23, 2023. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (96.44) comes close to the price (95.49). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.35
Williams' Percentage Range (W%R) 68.70
Lane's Stochastic (%D-Slow) 26.88
Greed/Fear Indicator (GFI) 34.16
Moving Average Converg./Diverg. (MACD) -0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.82
Williams' Percentage Range (W%R) 88.80
Oversold
Lane's Stochastic (%D-Slow) 19.51
Oversold
Greed/Fear Indicator (GFI) 24.27
Moving Average Converg./Diverg. (MACD) -0.61
Trading Signals
Description Value Chart
Upper Bollinger Band 96.82
50 Day Moving Average 96.59
Parabolic System 96.44
20 Day Moving Average 95.86
Weekly Stochastic Crossing 95.76
Daily Stochastic Crossing 95.51
Price 95.49
Lower Bollinger Band 95.05
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 96.02
High Date 09/08/2023
Low 95.48
Low Date 09/15/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.96
High Date 08/31/2023
Low 95.31
Low Date 09/06/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.98
High Date 04/05/2023
Low 95.04
Low Date 08/21/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 101.15
High Date 02/02/2023
Low 95.04
Low Date 08/21/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.73
High Date 08/06/2020
Low 93.20
Low Date 10/21/2022
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.