The Greedy Trader Weekly Analysis
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Archive
- 9/7/2018
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CurrencyShares Swedish Krona Trust
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  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 climbed 0.79 points, or 0.77%, and closed at 103.99 on Friday, September 07, 2018. It was the best weekly gain since July 6, 2018. Weekly volume was 6% 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. Price is near the trend low.

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 Wedge chart pattern. The downtrend resistance line (102.42) is broken. A broken support is considered to be a long-term bullish signal. 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 medium-term trend.

Weekly Technical Indicators: [See FXS weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 below its signal line since February 23, 2018. This is an indication that the medium-term trend is down. 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 September 4, 2018 at 102.29 and reached 103.99 on September 7, 2018. FXS gained -1.70 points, or -1.66%, in 3 days. Price is near the trend high.

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.

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) 62.06
Williams' Percentage Range (W%R) 68.80
Lane's Stochastic (%D-Slow) 72.73
Greed/Fear Indicator (GFI) 55.34
Moving Average Converg./Diverg. (MACD) -0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.38
Williams' Percentage Range (W%R) 92.90
Strong Oversold
Lane's Stochastic (%D-Slow) 20.23
Greed/Fear Indicator (GFI) 23.46
Moving Average Converg./Diverg. (MACD) -2.25
Trading Signals
Description Value Chart
Upper Bollinger Band 106.08
50 Day Moving Average 105.78
Price 103.99
20 Day Moving Average 103.78
Daily Stochastic Crossing 103.71
Weekly Stochastic Crossing 103.07
Quarterly Trendline Support 102.42
Parabolic System 102.19
Quarterly Trendline Resistance 102.16
Lower Bollinger Band 102.11
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 103.34
Low Date 09/06/2018
High 103.99
High Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.29
Low Date 09/04/2018
High 103.99
High Date 09/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 108.23
High Date 07/06/2018
Low 102.29
Low Date 09/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 102.16
Support 102.42
High 121.32
High Date 02/01/2018
Low 102.29
Low Date 09/04/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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