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Advanced TA SearchArchive
- 3/17/2023 -
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iShares Lehman Aggregate Bond (AGG) |
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| Summary:
| | | Weekly : | | Daily :  
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| | It was a second positive week after 6 consecutive negative weeks for the iShares Lehman Aggregate Bond (AGG). During the week, the AGG gained 1.41 points, or 1.44%, and closed at 99.50 on Friday, March 17, 2023. It was the best weekly gain since January 6, 2023. Weekly volume was 35% above average.
 Long-term trend: [See AGG long-term trend chart]
A long-term downtrend had started on July 20, 2021 at 116.82 and reached 93.20 on October 21, 2022. AGG lost 23.62 points, or 20.22%, in 65 weeks. The price is now at the 26.67% 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 price is now at the 20.75% retracement level.
 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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 February 2, 2023 at 101.15 and reached 96.11 on March 2, 2023. AGG lost 5.04 points, or 4.98%, in 28 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (96.09) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AGG may retest the broken resistance line. It is considered to be a support 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See AGG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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 Williams' Percentage Range help.
The daily MACD line is above its signal line since March 9, 2023. The distance between MACD and the signal line is relatively high and getting bigger.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
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