The Greedy Trader Weekly Analysis
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Archive
- 8/3/2018
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SPDR Oil & Gas Equipment & Services
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Summary:
Weekly :Broken trend resistance lineTrend resistance at 16.61
Daily :Broken trend support lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gave back -0.02 points, or -0.12%, and closed at 16.68 on Friday, August 03, 2018. Weekly volume was 53% 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 (13.07) 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 downtrend had started on December 12, 2016 at 24.58 and reached 12.90 on August 21, 2017. XES lost 11.68 points, or 47.52%, in 36 weeks. The chart has formed a Falling Pennant chart pattern. The price is near the trend resistance line (16.61). 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 XES weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 29, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend 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 April 2, 2018 at 13.88 and reached 19.19 on May 22, 2018. XES gained -5.31 points, or -38.26%, in 50 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (17.41) 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 short-term trend.

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.

During the last week, the price has declined below 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) 47.45
Williams' Percentage Range (W%R) 55.70
Lane's Stochastic (%D-Slow) 71.87
Greed/Fear Indicator (GFI) 54.55
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.31
Williams' Percentage Range (W%R) 45.20
Lane's Stochastic (%D-Slow) 28.22
Greed/Fear Indicator (GFI) 42.68
Moving Average Converg./Diverg. (MACD) 0.19
Trading Signals
Description Value Chart
Upper Bollinger Band 17.45
Weekly Trendline Support 17.41
Weekly Trendline Resistance 17.00
Daily Stochastic Crossing 16.85
50 Day Moving Average 16.85
20 Day Moving Average 16.77
Price 16.68
Quarterly Trendline Resistance 16.61
Weekly Stochastic Crossing 16.53
Parabolic System 16.09
Lower Bollinger Band 16.04
Quarterly Trendline Support 14.44
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
High 19.19
High Date 05/22/2018
Low 16.01
Low Date 07/25/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 17.00
Support 17.41
Low 13.88
Low Date 04/02/2018
High 19.19
High Date 05/22/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Falling Pennant
Status Test Resistance
Resistance 16.61
Support 14.44
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 7.84
Support 13.07
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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