The Greedy Trader Weekly Analysis
Sign In Nov 17, 2017
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   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
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 11/10/2017
Sign In to see current Signals.
SPDR Oil & Gas Equipment & Services
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range is strongly overboughtTrend resistance at 16.73
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second positive week after 4 consecutive negative weeks for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gained 0.80 points, or 5.07%, and closed at 16.57 on Friday, November 10, 2017. Weekly volume was 48% 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 12.90 on August 21, 2017. XES lost 11.68 points, or 47.52%, in 36 weeks. The price is now at the 31.42% retracement level.

Medium-term trend: [See XES medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 12.90 and reached 16.73 on November 9, 2017. XES gained -3.83 points, or -29.69%, in 11 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend resistance line (16.73). 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 8, 2017. This is an indication that the medium-term trend is up. 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 November 9, 2017 at 16.73 and reached 16.43 on November 10, 2017. XES lost 0.30 points, or 1.79%, in 1 days. The price is now at the 46.67% retracement level.

Daily Technical Indicators: [See XES daily technical indicators chart]
Daily 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 daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since November 1, 2017. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.98
Overbought
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 93.20
Strong Overbought
Greed/Fear Indicator (GFI) 92.83
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.50
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 69.69
Greed/Fear Indicator (GFI) 77.76
Moving Average Converg./Diverg. (MACD) -0.81
Trading Signals
Description Value Chart
Upper Bollinger Band 17.20
Monthly Trendline Resistance 16.73
Daily Stochastic Crossing 16.62
Price 16.57
Weekly Stochastic Crossing 15.92
Parabolic System 15.73
50 Day Moving Average 15.55
20 Day Moving Average 15.52
Monthly Trendline Support 14.60
Lower Bollinger Band 14.44
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 16.73
High Date 11/09/2017
Low 16.43
Low Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 16.73
High Date 11/09/2017
Low 16.43
Low Date 11/10/2017
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Test Resistance
Resistance 16.73
Support 14.60
Low 12.90
Low Date 08/21/2017
High 16.73
High Date 11/09/2017
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 DownTrend
Status
Resistance
Support
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.

Copyright© 2004-2016 All rights reserved.