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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- 10/11/2024 -
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iShares Lehman Aggregate Bond (AGG) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance line
Daily :Broken trend support lineA Parabolic SAR indicator is above and near the priceWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
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It was the negative week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG gave back -0.46 points, or -0.46%, and closed at 99.50 on Friday, October 11, 2024. Weekly volume was -22% 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 Symmetric Triangle chart pattern. The uptrend resistance line (98.11) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 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 trend support level is at 98.44 and resistance is at 103.08. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AGG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since June 7, 2024. 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 September 16, 2024 at 102.04 and reached 99.23 on October 10, 2024. AGG lost 2.81 points, or 2.75%, in 24 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (100.27) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 short-term trend.

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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since September 17, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

A Parabolic SAR (stop and reversal) indicator (100.21) comes close to the price (99.50). 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) 20.06
Williams' Percentage Range (W%R) 93.60
Strong Oversold
Lane's Stochastic (%D-Slow) 8.44
Strong Oversold
Greed/Fear Indicator (GFI) 11.64
Oversold
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.88
Williams' Percentage Range (W%R) 41.00
Lane's Stochastic (%D-Slow) 70.03
Greed/Fear Indicator (GFI) 61.17
Moving Average Converg./Diverg. (MACD) 0.93
Trading Signals
Description Value Chart
Monthly Trendline Resistance 103.08
Upper Bollinger Band 102.20
Weekly Stochastic Crossing 101.02
20 Day Moving Average 100.87
Weekly Trendline Resistance 100.85
50 Day Moving Average 100.65
Weekly Trendline Support 100.27
Parabolic System 100.21
Price 99.50
Daily Stochastic Crossing 99.42
Lower Bollinger Band 98.78
Monthly Trendline Support 98.44
Quarterly Trendline Support 98.11
Quarterly Trendline Resistance 96.10
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 101.56
High Date 09/27/2024
Low 99.23
Low Date 10/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 100.85
Support 100.27
High 102.04
High Date 09/16/2024
Low 99.23
Low Date 10/10/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 103.08
Support 98.44
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 Symmetric Triangle
Status Broken Resistance
Resistance 96.10
Support 98.11
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.