The Greedy Trader Weekly Analysis
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Archive
- 5/10/2019
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SPDR Homebuilders
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the SPDR Homebuilders (XHB). During the week, the XHB dropped -1.12 points, or -2.70%, and closed at 40.42 on Friday, May 10, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was -37% below 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 39.17 and resistance is at 49.21. 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 downtrend had started on January 24, 2018 at 47.20 and reached 30.56 on December 26, 2018. XHB lost 16.64 points, or 35.25%, in 48 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (27.32) is broken. A broken support is considered to be a long-term bullish signal. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 11, 2019. 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 May 3, 2019 at 41.58 and reached 39.64 on May 10, 2019. XHB lost 1.94 points, or 4.67%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since April 24, 2019. This is an indication that the short-term trend is down.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.36% on Friday. It is 61.17% lower than one year average. It indicates the period of low volatility of the stock price. 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) 46.08
Williams' Percentage Range (W%R) 74.70
Lane's Stochastic (%D-Slow) 38.60
Greed/Fear Indicator (GFI) 36.65
Moving Average Converg./Diverg. (MACD) 0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.54
Williams' Percentage Range (W%R) 13.20
Overbought
Lane's Stochastic (%D-Slow) 88.61
Overbought
Greed/Fear Indicator (GFI) 77.27
Moving Average Converg./Diverg. (MACD) 0.52
Trading Signals
Description Value Chart
Monthly Trendline Resistance 41.79
Parabolic System 41.43
Monthly Trendline Support 41.17
Upper Bollinger Band 41.15
Weekly Stochastic Crossing 40.98
20 Day Moving Average 40.74
Price 40.42
Daily Stochastic Crossing 40.20
Lower Bollinger Band 39.78
50 Day Moving Average 39.52
Yearly Trendline Support 39.17
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 41.58
High Date 05/03/2019
Low 39.64
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.58
High Date 05/03/2019
Low 39.64
Low Date 05/10/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 41.79
Support 41.17
Low 30.56
Low Date 12/26/2018
High 41.58
High Date 05/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 31.89
Support 27.32
High 47.20
High Date 01/24/2018
Low 30.56
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 49.21
Support 39.17
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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