The Greedy Trader Weekly Analysis
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Number of records: 6
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Archive
- 2/8/2019
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Materials Select Sector SPDR
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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB dropped -0.81 points, or -1.51%, and closed at 52.70 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was -37% below average.

Long-term trend: [See XLB long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 17.83 and reached 64.17 on January 26, 2018. XLB gained -46.34 points, or -259.90%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 48.58 and resistance is at 63.26. 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 XLB medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 47.05 and reached 54.59 on January 30, 2019. XLB gained -7.54 points, or -16.03%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (54.02) 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 medium-term trend.

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

The weekly MACD line is above its signal line since January 25, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See XLB short-term trend chart]
A short-term downtrend had started on January 30, 2019 at 54.59 and reached 52.03 on February 8, 2019. XLB lost 2.56 points, or 4.69%, in 9 days. The price is now at the 26.17% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.39
Williams' Percentage Range (W%R) 63.00
Lane's Stochastic (%D-Slow) 44.34
Greed/Fear Indicator (GFI) 41.57
Moving Average Converg./Diverg. (MACD) 0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.30
Williams' Percentage Range (W%R) 61.70
Lane's Stochastic (%D-Slow) 62.11
Greed/Fear Indicator (GFI) 49.10
Moving Average Converg./Diverg. (MACD) -1.62
Trading Signals
Description Value Chart
Weekly Trendline Resistance 55.79
Upper Bollinger Band 54.24
Parabolic System 54.05
Weekly Trendline Support 54.02
Daily Stochastic Crossing 53.09
20 Day Moving Average 52.89
Price 52.70
50 Day Moving Average 52.09
Weekly Stochastic Crossing 51.91
Lower Bollinger Band 51.39
Yearly Trendline Support 48.58
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.59
High Date 01/30/2019
Low 52.03
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 55.79
Support 54.02
Low 47.05
Low Date 12/26/2018
High 54.59
High Date 01/30/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.21
High Date 06/12/2018
Low 47.05
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.17
High Date 01/26/2018
Low 47.05
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 63.26
Support 48.58
Low 17.83
Low Date 03/06/2009
High 64.17
High Date 01/26/2018
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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