The Greedy Trader Weekly Analysis
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Archive
- 5/11/2018
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CurrencyShares Swedish Krona Trust
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Summary:
Weekly :Lane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement level
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the CurrencyShares Swedish Krona Trust (FXS). During the week, the FXS gained 2.53 points, or 2.35%, and closed at 110.11 on Friday, May 11, 2018. It was the best weekly gain since January 26, 2018. Weekly volume was 188% 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 102.80 on December 20, 2016. FXS lost 65.64 points, or 38.97%, in 294 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 100.38 and resistance is at 124.56. 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 106.17 on May 2, 2018. FXS lost 15.15 points, or 12.49%, in 12 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See FXS weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since February 23, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 May 2, 2018 at 106.17 and reached 110.37 on May 11, 2018. FXS gained -4.20 points, or -3.96%, in 9 days. The price is now at the 6.19% retracement level.

Daily Technical Indicators: [See FXS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.14
Williams' Percentage Range (W%R) 53.10
Lane's Stochastic (%D-Slow) 58.42
Greed/Fear Indicator (GFI) 47.83
Moving Average Converg./Diverg. (MACD) -1.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.41
Williams' Percentage Range (W%R) 75.40
Lane's Stochastic (%D-Slow) 6.86
Strong Oversold
Greed/Fear Indicator (GFI) 24.55
Moving Average Converg./Diverg. (MACD) 0.22
Trading Signals
Description Value Chart
Yearly Trendline Resistance 124.56
Upper Bollinger Band 115.05
50 Day Moving Average 114.11
20 Day Moving Average 110.42
Price 110.11
Daily Stochastic Crossing 108.99
Weekly Stochastic Crossing 107.24
Parabolic System 106.46
Lower Bollinger Band 105.63
Yearly Trendline Support 100.38
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 106.17
Low Date 05/02/2018
High 110.37
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 106.17
Low Date 05/02/2018
High 110.37
High Date 05/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 121.32
High Date 02/01/2018
Low 106.17
Low Date 05/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.80
Low Date 12/20/2016
High 121.32
High Date 02/01/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 124.56
Support 100.38
High 168.44
High Date 04/29/2011
Low 102.80
Low Date 12/20/2016
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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