The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Materials Select Sector SPDR
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Summary:
Weekly :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger Band
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It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB dropped -2.70 points, or -4.94%, and closed at 51.91 on Friday, December 07, 2018. It was the worst weekly loss since October 12, 2018. Weekly volume was 67% above 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 45.57 and resistance is at 61.92. 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 downtrend had started on June 12, 2018 at 61.21 and reached 50.10 on October 26, 2018. XLB lost 11.11 points, or 18.15%, in 19 weeks. The price is now at the 16.29% retracement level.

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

The weekly MACD line is below its signal line since September 28, 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 XLB short-term trend chart]
A short-term downtrend had started on September 20, 2018 at 61.16 and reached 50.10 on October 26, 2018. XLB lost 11.06 points, or 18.08%, in 36 days. The price is now at the 16.37% 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 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 36.86
Williams' Percentage Range (W%R) 68.20
Lane's Stochastic (%D-Slow) 44.88
Greed/Fear Indicator (GFI) 37.85
Moving Average Converg./Diverg. (MACD) -0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.13
Williams' Percentage Range (W%R) 72.50
Lane's Stochastic (%D-Slow) 40.02
Greed/Fear Indicator (GFI) 35.79
Moving Average Converg./Diverg. (MACD) -1.01
Trading Signals
Description Value Chart
Yearly Trendline Resistance 61.92
Parabolic System 56.02
Upper Bollinger Band 55.69
50 Day Moving Average 54.40
20 Day Moving Average 54.14
Daily Stochastic Crossing 53.43
Weekly Stochastic Crossing 52.50
Lower Bollinger Band 52.19
Price 51.91
Yearly Trendline Support 45.57
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 61.16
High Date 09/20/2018
Low 50.10
Low Date 10/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.21
High Date 06/12/2018
Low 50.10
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.17
High Date 01/26/2018
Low 50.10
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.29
Low Date 01/20/2016
High 64.17
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 61.92
Support 45.57
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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