The Greedy Trader Weekly Analysis
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Number of records: 6
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Archive
- 8/3/2018
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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARPrice is close to the 50 Day Moving Average
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During the week, the XLB has not change and closed at 59.29 on Friday, August 03, 2018. Weekly volume was 7% 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 44.63 and resistance is at 60.98. 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 XLB medium-term trend chart]
A medium-term uptrend had started on April 2, 2018 at 55.21 and reached 61.21 on June 12, 2018. XLB gained -6.00 points, or -10.87%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 57.82 and resistance is at 62.42. 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 medium-term trend.

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

The weekly MACD line is below its signal line since June 15, 2018. The distance between MACD and the signal line is low and getting smaller. 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 June 12, 2018 at 61.21 and reached 57.14 on June 25, 2018. XLB lost 4.07 points, or 6.65%, in 13 days. The chart has formed a Symmetric Triangle chart pattern.

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

The daily MACD line is above its signal line since July 23, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

Price is close to the 50 Day Moving Average. 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) 59.74
Williams' Percentage Range (W%R) 48.50
Lane's Stochastic (%D-Slow) 66.38
Greed/Fear Indicator (GFI) 59.21
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.20
Williams' Percentage Range (W%R) 38.00
Lane's Stochastic (%D-Slow) 40.94
Greed/Fear Indicator (GFI) 51.52
Moving Average Converg./Diverg. (MACD) 0.08
Trading Signals
Description Value Chart
Weekly Trendline Resistance 62.42
Yearly Trendline Resistance 60.98
Parabolic System 59.90
Upper Bollinger Band 59.86
Price 59.29
Daily Stochastic Crossing 59.25
50 Day Moving Average 58.94
Weekly Stochastic Crossing 58.86
20 Day Moving Average 58.85
Lower Bollinger Band 57.94
Weekly Trendline Support 57.82
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 61.21
High Date 06/12/2018
Low 57.14
Low Date 06/25/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 62.42
Support 57.82
Low 55.21
Low Date 04/02/2018
High 61.21
High Date 06/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.17
High Date 01/26/2018
Low 55.21
Low Date 04/02/2018
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 60.98
Support 44.63
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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