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- 1/8/2021 -
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SPDR Oil & Gas Equipment & Services (XES)

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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week after 3 consecutive negative weeks for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gained 6.48 points, or 14.45%, and closed at 51.32 on Friday, January 8, 2021. Weekly volume was -42% below average.

Long-term trend: [See XES long-term trend chart]
A long-term uptrend had started on April 20, 2020 at 22.57 and reached 52.44 on January 8, 2021. XES gained -29.87 points, or -132.34%, in 37 weeks. Price is near the trend high.

Medium-term trend: [See XES medium-term trend chart]
A medium-term uptrend had started on October 29, 2020 at 25.10 and reached 52.44 on January 8, 2021. XES gained -27.34 points, or -108.92%, in 10 weeks. Price is near the trend high.

Weekly Technical Indicators: [See XES weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 13, 2020. 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 XES short-term trend chart]
A short-term uptrend had started on December 29, 2020 at 43.91 and reached 52.44 on January 8, 2021. XES gained -8.53 points, or -19.43%, in 10 days. The price is now at the 13.13% retracement level.

Daily Technical Indicators: [See XES daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 17.93% on Friday. It is 54.52% lower than one year average. It indicates the period of low volatility of the stock price. 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) 67.13
Williams' Percentage Range (W%R) 0.00
Strong Overbought
Lane's Stochastic (%D-Slow) 85.01
Overbought
Greed/Fear Indicator (GFI) 84.05
Overbought
Moving Average Converg./Diverg. (MACD) 2.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.69
Overbought
Williams' Percentage Range (W%R) 0.00
Strong Overbought
Lane's Stochastic (%D-Slow) 91.46
Strong Overbought
Greed/Fear Indicator (GFI) 86.23
Overbought
Moving Average Converg./Diverg. (MACD) 1.30
Trading Signals
Description Value Chart
Price 51.32
Daily Stochastic Crossing 51.31
Upper Bollinger Band 51.00
Weekly Stochastic Crossing 50.52
20 Day Moving Average 46.80
Parabolic System 46.28
Lower Bollinger Band 41.81
50 Day Moving Average 40.71
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 43.91
Low Date 12/29/2020
High 52.44
High Date 01/08/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.91
Low Date 12/29/2020
High 52.44
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.11
Low Date 12/21/2020
High 52.44
High Date 01/08/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.10
Low Date 10/29/2020
High 52.44
High Date 01/08/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.57
Low Date 04/20/2020
High 52.44
High Date 01/08/2021
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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