The Greedy Trader Weekly Analysis
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Archive
- 2/9/2018
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SPDR Homebuilders
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Summary:
Weekly :Stochastic signal line moved below overbought areaWeekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :Relative Strength Index and Williams' Percentage Range are oversoldStochastic signal line moved above oversold areaBullish Homing Pigeon CandlestickThe Bollinger Bands are historically far apart
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It was the negative week for the SPDR Homebuilders (XHB). During the week, the XHB dropped -1.98 points, or -4.58%, and closed at 41.22 on Friday, February 09, 2018. Weekly volume was 261% above average.

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 35.25 and resistance is at 48.43. 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 Rising Wedge chart pattern. The uptrend resistance line (39.62) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See XHB weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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.

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 downtrend had started on January 24, 2018 at 47.20 and reached 40.13 on February 9, 2018. XHB lost 7.07 points, or 14.98%, in 16 days. The price is now at the 15.42% retracement level.

Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since January 25, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (18.92%) is close to one year high (9.53%). It is 290.56% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Candlestick pattern: [See XHB candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 17.28
Oversold
Williams' Percentage Range (W%R) 81.30
Oversold
Lane's Stochastic (%D-Slow) 21.67
Greed/Fear Indicator (GFI) 19.21
Oversold
Moving Average Converg./Diverg. (MACD) -0.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.36
Williams' Percentage Range (W%R) 64.00
Lane's Stochastic (%D-Slow) 69.19
Greed/Fear Indicator (GFI) 51.90
Moving Average Converg./Diverg. (MACD) 1.65
Trading Signals
Description Value Chart
Yearly Trendline Resistance 48.43
Upper Bollinger Band 47.81
20 Day Moving Average 44.77
Weekly Stochastic Crossing 44.56
50 Day Moving Average 44.40
Monthly Trendline Resistance 43.47
Parabolic System 42.72
Daily Stochastic Crossing 41.63
Price 41.22
Monthly Trendline Support 41.09
Quarterly Trendline Resistance 40.85
Lower Bollinger Band 40.00
Quarterly Trendline Support 39.62
Yearly Trendline Support 35.25
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.20
High Date 01/24/2018
Low 40.13
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.17
Low Date 08/23/2017
High 47.20
High Date 01/24/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 43.47
Support 41.09
Low 30.92
Low Date 11/03/2016
High 47.20
High Date 01/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 40.85
Support 39.62
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 48.43
Support 35.25
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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