The Greedy Trader Weekly Analysis
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Archive
- 4/6/2018
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SPDR Homebuilders
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Summary:
Weekly :
Daily :Bearish Evening Star CandlestickThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the SPDR Homebuilders (XHB). During the week, the XHB climbed 0.02 points, or 0.05%, and closed at 40.81 on Friday, April 06, 2018. Weekly volume was 151% 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 35.80 and resistance is at 48.98. 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 trend support level is at 37.08 and resistance is at 48.67. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since February 2, 2018. The distance between MACD and the signal line is near its high, but getting smaller. 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 March 13, 2018 at 42.58 and reached 39.08 on April 2, 2018. XHB lost 3.50 points, or 8.22%, in 20 days. The price is now at the 49.43% retracement level.

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

The daily MACD line is above its signal line since April 3, 2018. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Candlestick pattern: [See XHB candlestick chart pattern]
On Friday the chart has formed a Bearish Evening Star Candlestick pattern. This is a major top reversal pattern that appears in an uptrend. The reliability of the Bearish Evening Star pattern is very high. Use the Technical Stock Screener to see the list of stocks that had a Bearish Evening Star Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.09
Williams' Percentage Range (W%R) 35.70
Lane's Stochastic (%D-Slow) 59.46
Greed/Fear Indicator (GFI) 56.61
Moving Average Converg./Diverg. (MACD) -0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.82
Williams' Percentage Range (W%R) 72.30
Lane's Stochastic (%D-Slow) 21.18
Greed/Fear Indicator (GFI) 30.37
Moving Average Converg./Diverg. (MACD) 0.78
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 48.67
Upper Bollinger Band 42.50
50 Day Moving Average 41.91
Daily Stochastic Crossing 41.15
20 Day Moving Average 41.03
Price 40.81
Weekly Stochastic Crossing 39.98
Lower Bollinger Band 39.51
Parabolic System 39.27
Quarterly Trendline Support 37.08
Yearly Trendline Support 35.80
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 42.58
High Date 03/13/2018
Low 39.08
Low Date 04/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.20
High Date 01/24/2018
Low 39.08
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Broadening Ascending Wedge
Status Valid
Resistance 48.67
Support 37.08
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 48.98
Support 35.80
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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