The Greedy Trader Weekly Analysis
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Archive
- 2/8/2019
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SPDR Homebuilders
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Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overbought
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It was a second consecutive positive week for the SPDR Homebuilders (XHB). During the week, the XHB gained 0.37 points, or 1.01%, and closed at 36.96 on Friday, February 8, 2019. Weekly volume was -36% 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 uptrend support line (38.40) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See XHB medium-term trend chart]
A medium-term downtrend had started on August 27, 2018 at 40.91 and reached 30.56 on December 26, 2018. XHB lost 10.35 points, or 25.30%, in 17 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (29.59) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XHB may retest the broken resistance line. It is considered to be a support line now. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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 uptrend had started on December 26, 2018 at 30.56 and reached 37.15 on February 5, 2019. XHB gained -6.59 points, or -21.56%, in 41 days. Price is near the trend high.

Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since December 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.39
Williams' Percentage Range (W%R) 11.40
Overbought
Lane's Stochastic (%D-Slow) 90.90
Strong Overbought
Greed/Fear Indicator (GFI) 83.29
Overbought
Moving Average Converg./Diverg. (MACD) 0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.33
Williams' Percentage Range (W%R) 38.00
Lane's Stochastic (%D-Slow) 83.82
Overbought
Greed/Fear Indicator (GFI) 66.91
Moving Average Converg./Diverg. (MACD) -1.41
Trading Signals
Description Value Chart
Yearly Trendline Support 38.40
Upper Bollinger Band 37.49
Daily Stochastic Crossing 36.97
Price 36.96
Weekly Stochastic Crossing 36.26
Parabolic System 36.00
20 Day Moving Average 35.74
50 Day Moving Average 34.50
Lower Bollinger Band 34.07
Monthly Trendline Resistance 33.13
Monthly Trendline Support 29.59
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 34.17
Low Date 01/23/2019
High 37.15
High Date 02/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.56
Low Date 12/26/2018
High 37.15
High Date 02/05/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 33.13
Support 29.59
High 40.91
High Date 08/27/2018
Low 30.56
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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 Broken Support
Resistance 48.45
Support 38.40
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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