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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- 7/5/2024 -
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iShares Lehman Aggregate Bond (AGG) Technical Analysis

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Summary:
Weekly :Trend resistance at 97.70
Daily :A Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG climbed 0.51 points, or 0.53%, and closed at 97.58 on Friday, July 5, 2024. Weekly volume was -26% 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 99.70 on December 27, 2023. AGG gained -8.12 points, or -8.87%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (97.70). The resistance is usually stronger when technical indicators are overbought. 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 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 98.04 on June 14, 2024. AGG gained -3.19 points, or -3.36%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 96.49 and resistance is at 98.47. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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 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 June 14, 2024 at 98.04 and reached 96.22 on July 1, 2024. AGG lost 1.82 points, or 1.86%, in 17 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern.

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

The daily MACD line is below its signal line since June 26, 2024. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (97.73) comes close to the price (97.58). 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.

During the last week, the price has moved above 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.21
Williams' Percentage Range (W%R) 32.40
Lane's Stochastic (%D-Slow) 30.58
Greed/Fear Indicator (GFI) 48.46
Moving Average Converg./Diverg. (MACD) 0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.45
Williams' Percentage Range (W%R) 26.80
Lane's Stochastic (%D-Slow) 79.23
Greed/Fear Indicator (GFI) 68.11
Moving Average Converg./Diverg. (MACD) -0.02
Trading Signals
Description Value Chart
Weekly Trendline Resistance 98.47
Upper Bollinger Band 98.20
Parabolic System 97.73
Quarterly Trendline Resistance 97.70
Price 97.58
Weekly Stochastic Crossing 97.57
20 Day Moving Average 97.34
Daily Stochastic Crossing 96.85
50 Day Moving Average 96.71
Weekly Trendline Support 96.49
Quarterly Trendline Support 96.22
Lower Bollinger Band 96.16
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
High 98.04
High Date 06/14/2024
Low 96.22
Low Date 07/01/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 98.47
Support 96.49
Low 94.85
Low Date 04/25/2024
High 98.04
High Date 06/14/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 99.70
High Date 12/27/2023
Low 94.85
Low Date 04/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 97.70
Support 96.22
Low 91.58
Low Date 10/23/2023
High 99.70
High Date 12/27/2023
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.