The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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SPDR Homebuilders
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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the SPDR Homebuilders (XHB). During the week, the XHB dropped -1.25 points, or -3.52%, and closed at 34.26 on Friday, December 07, 2018. It was the worst weekly loss since October 12, 2018. Weekly volume was 164% 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 uptrend support line (37.89) 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 January 24, 2018 at 47.20 and reached 31.82 on October 29, 2018. XHB lost 15.38 points, or 32.58%, in 39 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend support line (38.34) is broken. Usually a broken support is considered to be a long-term bearish 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 support 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 September 21, 2018. This is an indication that the medium-term trend is down. 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 November 28, 2018 at 34.14 and reached 36.23 on December 3, 2018. XHB gained -2.09 points, or -6.12%, in 5 days. The price is now at the 94.26% retracement level.

Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 30, 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.

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 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.57
Williams' Percentage Range (W%R) 52.20
Lane's Stochastic (%D-Slow) 52.81
Greed/Fear Indicator (GFI) 51.06
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.10
Williams' Percentage Range (W%R) 70.80
Lane's Stochastic (%D-Slow) 36.83
Greed/Fear Indicator (GFI) 34.52
Moving Average Converg./Diverg. (MACD) -1.31
Trading Signals
Description Value Chart
Quarterly Trendline Support 38.34
Yearly Trendline Support 37.89
Quarterly Trendline Resistance 37.28
Parabolic System 36.21
Upper Bollinger Band 35.98
50 Day Moving Average 35.08
Daily Stochastic Crossing 34.80
Monthly Trendline Support 34.80
20 Day Moving Average 34.69
Price 34.26
Lower Bollinger Band 33.66
Monthly Trendline Resistance 33.55
Weekly Stochastic Crossing 33.43
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 36.23
High Date 12/03/2018
Low 33.70
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.14
Low Date 11/28/2018
High 36.23
High Date 12/03/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 33.55
Support 34.80
High 40.91
High Date 08/27/2018
Low 31.82
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 37.28
Support 38.34
High 47.20
High Date 01/24/2018
Low 31.82
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 47.93
Support 37.89
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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