The Greedy Trader Weekly Analysis
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Archive
- 8/3/2018
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SPDR Homebuilders
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineTrend support at 38.51
Daily :Stochastic has raised above the signal line
Move cursor over the icon to see details.

It was a first positive week for the SPDR Homebuilders (XHB). During the week, the XHB climbed 0.32 points, or 0.82%, and closed at 39.49 on Friday, August 03, 2018. XHB was trading at average weekly trading volume.

Long-term trend: [See XHB long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 8.00 and reached 47.20 on January 24, 2018. XHB gained -39.20 points, or -490%, in 463 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 36.52 and resistance is at 49.93. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See XHB medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 27.72 and reached 47.20 on January 24, 2018. XHB gained -19.48 points, or -70.27%, in 101 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (38.51) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See XHB weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See XHB short-term trend chart]
A short-term uptrend had started on May 16, 2018 at 38.57 and reached 41.90 on June 12, 2018. XHB gained -3.33 points, or -8.63%, in 27 days. The chart has formed a Rectangle chart pattern. The trend support level is at 38.42 and resistance is at 41.96. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a short-term trend.

Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 daily MACD line is below its signal line since July 23, 2018. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.77
Williams' Percentage Range (W%R) 75.80
Lane's Stochastic (%D-Slow) 29.01
Greed/Fear Indicator (GFI) 30.67
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.42
Williams' Percentage Range (W%R) 79.50
Lane's Stochastic (%D-Slow) 44.79
Greed/Fear Indicator (GFI) 38.65
Moving Average Converg./Diverg. (MACD) -0.33
Trading Signals
Description Value Chart
Weekly Trendline Resistance 41.96
Upper Bollinger Band 41.39
Parabolic System 40.25
Weekly Stochastic Crossing 40.18
20 Day Moving Average 40.17
50 Day Moving Average 40.15
Price 39.49
Daily Stochastic Crossing 39.03
Quarterly Trendline Support 38.51
Weekly Trendline Support 38.42
Lower Bollinger Band 38.36
Yearly Trendline Support 36.52
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 41.60
High Date 07/19/2018
Low 38.67
Low Date 07/25/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Valid
Resistance 41.96
Support 38.42
Low 38.57
Low Date 05/16/2018
High 41.90
High Date 06/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.20
High Date 01/24/2018
Low 38.57
Low Date 05/16/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 51.12
Support 38.51
Low 27.72
Low Date 02/11/2016
High 47.20
High Date 01/24/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 49.93
Support 36.52
Low 8.00
Low Date 03/09/2009
High 47.20
High Date 01/24/2018
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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