The Greedy Trader Weekly Analysis
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Archive
- 2/8/2019
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SPDR Oil & Gas Equipment & Services
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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement levelPrice is near the Fibonacci 23.6% retracement level
Daily :The price has fallen below the Parabolic SARThe price is close to 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 dropped -0.33 points, or -2.93%, and closed at 10.94 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was -13% below average.

Long-term trend: [See XES long-term trend chart]
A long-term downtrend had started on January 16, 2018 at 19.29 and reached 8.14 on December 26, 2018. XES lost 11.15 points, or 57.80%, in 49 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See XES medium-term trend chart]
A medium-term downtrend had started on May 22, 2018 at 19.19 and reached 8.14 on December 26, 2018. XES lost 11.05 points, or 57.58%, in 31 weeks. Price is near the Fibonacci 23.6% retracement level.

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 and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 26, 2018 at 8.14 and reached 11.68 on February 5, 2019. XES gained -3.54 points, or -43.49%, in 41 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See XES daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since December 28, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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) 46.73
Williams' Percentage Range (W%R) 52.30
Lane's Stochastic (%D-Slow) 65.14
Greed/Fear Indicator (GFI) 53.17
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.97
Williams' Percentage Range (W%R) 69.80
Lane's Stochastic (%D-Slow) 54.76
Greed/Fear Indicator (GFI) 42.17
Moving Average Converg./Diverg. (MACD) -1.45
Trading Signals
Description Value Chart
Parabolic System 11.65
Upper Bollinger Band 11.55
Daily Stochastic Crossing 11.29
20 Day Moving Average 10.95
Price 10.94
50 Day Moving Average 10.50
Lower Bollinger Band 10.28
Weekly Stochastic Crossing 10.25
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 8.14
Low Date 12/26/2018
High 11.68
High Date 02/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.19
High Date 05/22/2018
Low 8.14
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.29
High Date 01/16/2018
Low 8.14
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.58
High Date 12/12/2016
Low 8.14
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.63
High Date 07/01/2014
Low 8.14
Low Date 12/26/2018
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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