The Greedy Trader Weekly Analysis
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Archive
- 4/6/2018
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SPDR Oil & Gas Equipment & Services
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Summary:
Weekly :Broken trend support lineBroken trend resistance lineLane's Stochastic is oversoldStochastic has raised above the signal line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement level
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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 climbed 0.13 points, or 0.89%, and closed at 14.69 on Friday, April 06, 2018. Weekly volume was 12% above average.

Long-term trend: [See XES long-term trend chart]
A long-term downtrend had started on July 1, 2014 at 49.63 and reached 12.62 on January 20, 2016. XES lost 37.01 points, or 74.57%, in 81 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (13.01) 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 long-term trend.

Medium-term trend: [See XES medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 12.90 and reached 19.29 on January 16, 2018. XES gained -6.39 points, or -49.53%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (18.05) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See XES weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 16, 2018. Use the following link to access a MACD help.

Short-term trend: [See XES short-term trend chart]
A short-term downtrend had started on February 27, 2018 at 15.90 and reached 13.88 on April 2, 2018. XES lost 2.02 points, or 12.70%, in 34 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See XES 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.75
Williams' Percentage Range (W%R) 42.50
Lane's Stochastic (%D-Slow) 43.77
Greed/Fear Indicator (GFI) 48.34
Moving Average Converg./Diverg. (MACD) -0.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.60
Williams' Percentage Range (W%R) 79.50
Lane's Stochastic (%D-Slow) 16.93
Oversold
Greed/Fear Indicator (GFI) 25.74
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Upper Bollinger Band 15.82
50 Day Moving Average 15.52
20 Day Moving Average 14.96
Price 14.69
Daily Stochastic Crossing 14.59
Weekly Stochastic Crossing 14.25
Lower Bollinger Band 13.99
Parabolic System 13.89
Yearly Trendline Support 13.01
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 15.90
High Date 02/27/2018
Low 13.88
Low Date 04/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.29
High Date 01/16/2018
Low 13.88
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 22.55
Support 18.05
Low 12.90
Low Date 08/21/2017
High 19.29
High Date 01/16/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.58
High Date 12/12/2016
Low 12.90
Low Date 08/21/2017
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 11.20
Support 13.01
High 49.63
High Date 07/01/2014
Low 12.62
Low Date 01/20/2016
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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