The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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SPDR Homebuilders
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtTrend support at 40.75
Daily :The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the SPDR Homebuilders (XHB). During the week, the XHB gained 0.47 points, or 1.16%, and closed at 40.87 on Friday, November 10, 2017. 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 41.59 on November 1, 2017. XHB gained -33.59 points, or -419.88%, in 451 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 34.37 and resistance is at 47.55. 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 August 23, 2017 at 37.17 and reached 41.59 on November 1, 2017. XHB gained -4.42 points, or -11.89%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (40.75) 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 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. 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 September 29, 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 XHB short-term trend chart]
A short-term downtrend had started on November 1, 2017 at 41.59 and reached 40.18 on November 2, 2017. XHB lost 1.41 points, or 3.39%, in 1 days. The price is now at the 48.94% retracement 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 November 1, 2017. This is an indication that the short-term trend is down.

During the last week, the price has moved above 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) 45.19
Williams' Percentage Range (W%R) 51.70
Lane's Stochastic (%D-Slow) 42.13
Greed/Fear Indicator (GFI) 45.20
Moving Average Converg./Diverg. (MACD) 0.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.59
Williams' Percentage Range (W%R) 17.00
Overbought
Lane's Stochastic (%D-Slow) 87.04
Overbought
Greed/Fear Indicator (GFI) 77.53
Moving Average Converg./Diverg. (MACD) 0.81
Trading Signals
Description Value Chart
Yearly Trendline Resistance 47.55
Weekly Trendline Resistance 42.52
Upper Bollinger Band 41.48
Parabolic System 41.34
Weekly Stochastic Crossing 41.12
Price 40.87
20 Day Moving Average 40.86
Daily Stochastic Crossing 40.79
Weekly Trendline Support 40.75
50 Day Moving Average 39.94
Lower Bollinger Band 39.92
Yearly Trendline Support 34.37
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 41.59
High Date 11/01/2017
Low 40.18
Low Date 11/02/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 42.52
Support 40.75
Low 37.17
Low Date 08/23/2017
High 41.59
High Date 11/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.92
Low Date 11/03/2016
High 41.59
High Date 11/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.72
Low Date 02/11/2016
High 41.59
High Date 11/01/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 47.55
Support 34.37
Low 8.00
Low Date 03/09/2009
High 41.59
High Date 11/01/2017
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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