The Greedy Trader Weekly Analysis
Sign In Dec 14, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 6
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 12/7/2018
Sign In to see current Signals.
SPDR Oil & Gas Equipment & Services
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support line - Downtrend exhaustionBroken trend support line - Downtrend exhaustionRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversold
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandBroken trend support line - Downtrend exhaustionWilliams' Percentage Range and Lane's Stochastic are oversold
Move cursor over the icon to see details.

It was the negative week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES dropped -1.04 points, or -8.77%, and closed at 10.82 on Friday, December 07, 2018. It was the worst weekly loss since October 26, 2018. Weekly volume was 201% above average.

Long-term trend: [See XES long-term trend chart]
A long-term downtrend had started on December 12, 2016 at 24.58 and reached 10.78 on December 6, 2018. XES lost 13.80 points, or 56.14%, in 103 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend support line (14.99) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See XES medium-term trend chart]
A medium-term downtrend had started on January 16, 2018 at 19.29 and reached 10.78 on December 6, 2018. XES lost 8.51 points, or 44.12%, in 46 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (15.43) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold 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 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 22, 2018 at 19.19 and reached 10.78 on December 6, 2018. XES lost 8.41 points, or 43.82%, in 198 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The downtrend support line (13.75) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.

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

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 26.65
Williams' Percentage Range (W%R) 84.50
Oversold
Lane's Stochastic (%D-Slow) 15.38
Oversold
Greed/Fear Indicator (GFI) 19.19
Oversold
Moving Average Converg./Diverg. (MACD) -0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.62
Oversold
Williams' Percentage Range (W%R) 92.30
Strong Oversold
Lane's Stochastic (%D-Slow) 8.23
Strong Oversold
Greed/Fear Indicator (GFI) 16.64
Oversold
Moving Average Converg./Diverg. (MACD) -0.57
Trading Signals
Description Value Chart
50 Day Moving Average 14.16
Upper Bollinger Band 13.79
20 Day Moving Average 12.33
Parabolic System 12.28
Weekly Stochastic Crossing 11.10
Daily Stochastic Crossing 11.06
Lower Bollinger Band 10.98
Price 10.82
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 17.65
High Date 10/09/2018
Low 10.78
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Broken Support
Resistance 17.62
Support 13.75
High 19.19
High Date 05/22/2018
Low 10.78
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 17.50
Support 15.43
High 19.29
High Date 01/16/2018
Low 10.78
Low Date 12/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Support
Resistance 16.43
Support 14.99
High 24.58
High Date 12/12/2016
Low 10.78
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.63
High Date 07/01/2014
Low 10.78
Low Date 12/06/2018
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.

Copyright© 2004-2016 All rights reserved.