The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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CurrencyShares Swedish Krona Trust
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Summary:
Weekly :Williams' Percentage Range is oversoldTrend resistance at 103.78
Daily :A Parabolic SAR indicator is above and near the priceDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close togetherPrice is close to the 50 Day Moving Average
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It was a first positive week for the CurrencyShares Swedish Krona Trust (FXS). During the week, the FXS climbed 0.86 points, or 0.84%, and closed at 103.79 on Friday, December 07, 2018. It was the best weekly gain since September 21, 2018. Weekly volume was 20% above average.

Long-term trend: [See FXS long-term trend chart]
A long-term downtrend had started on April 29, 2011 at 168.44 and reached 102.29 on September 4, 2018. FXS lost 66.15 points, or 39.27%, in 383 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 91.76 and resistance is at 117.19. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See FXS medium-term trend chart]
A medium-term downtrend had started on February 1, 2018 at 121.32 and reached 102.29 on September 4, 2018. FXS lost 19.03 points, or 15.69%, in 30 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (103.78). 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 medium-term trend.

Weekly Technical Indicators: [See FXS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 weekly MACD line is above its signal line since November 2, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See FXS short-term trend chart]
A short-term uptrend had started on November 27, 2018 at 102.81 and reached 104.58 on December 6, 2018. FXS gained -1.77 points, or -1.72%, in 9 days. The price is now at the 44.63% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

A Parabolic SAR (stop and reversal) indicator (103.15) comes close to the price (103.79). 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 distance between the Bollinger Bands (1.81%) is close to one year low (1.79%). It is 64.58% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 50.07
Williams' Percentage Range (W%R) 46.70
Lane's Stochastic (%D-Slow) 57.89
Greed/Fear Indicator (GFI) 53.74
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.58
Williams' Percentage Range (W%R) 80.30
Oversold
Lane's Stochastic (%D-Slow) 26.26
Greed/Fear Indicator (GFI) 32.31
Moving Average Converg./Diverg. (MACD) -2.35
Trading Signals
Description Value Chart
Yearly Trendline Resistance 117.19
Upper Bollinger Band 104.61
Daily Stochastic Crossing 104.06
50 Day Moving Average 103.97
Price 103.79
Quarterly Trendline Resistance 103.78
Weekly Stochastic Crossing 103.74
20 Day Moving Average 103.60
Parabolic System 103.15
Lower Bollinger Band 102.73
Quarterly Trendline Support 99.70
Yearly Trendline Support 91.76
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 102.85
Low Date 11/30/2018
High 104.58
High Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.81
Low Date 11/27/2018
High 104.58
High Date 12/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.99
High Date 11/07/2018
Low 102.81
Low Date 11/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 103.78
Support 99.70
High 121.32
High Date 02/01/2018
Low 102.29
Low Date 09/04/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 117.19
Support 91.76
High 168.44
High Date 04/29/2011
Low 102.29
Low Date 09/04/2018
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.

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