The Greedy Trader Weekly Analysis
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Archive
- 2/9/2018
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Energy Select Sector SPDR
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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :Bearish Three Black Crows CandlestickRelative Strength Index and Lane's Stochastic are oversoldStochastic has raised above the signal lineThe Bollinger Bands are historically far apart
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It was the negative week for the Energy Select Sector SPDR (XLE). During the week, the XLE dropped -5.86 points, or -8.09%, and closed at 66.59 on Friday, February 09, 2018. Weekly volume was 127% above average.

Long-term trend: [See XLE long-term trend chart]
A long-term downtrend had started on December 12, 2016 at 78.45 and reached 61.80 on August 21, 2017. XLE lost 16.65 points, or 21.22%, in 36 weeks. The price is now at the 28.77% retracement level.

Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 61.80 and reached 78.39 on January 24, 2018. XLE gained -16.59 points, or -26.84%, in 22 weeks. The price is now at the 71.13% retracement level.

Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 weekly MACD line is above its signal line since September 8, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See XLE short-term trend chart]
A short-term downtrend had started on January 24, 2018 at 78.39 and reached 64.45 on February 9, 2018. XLE lost 13.94 points, or 17.78%, in 16 days. The price is now at the 15.35% retracement level.

Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since January 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (22.77%) is close to one year high (13.17%). It is 274.27% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Candlestick pattern: [See XLE candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 11.92
Oversold
Williams' Percentage Range (W%R) 78.00
Lane's Stochastic (%D-Slow) 11.96
Oversold
Greed/Fear Indicator (GFI) 15.28
Oversold
Moving Average Converg./Diverg. (MACD) -0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.30
Williams' Percentage Range (W%R) 78.00
Lane's Stochastic (%D-Slow) 74.05
Greed/Fear Indicator (GFI) 47.54
Moving Average Converg./Diverg. (MACD) 1.44
Trading Signals
Description Value Chart
Upper Bollinger Band 80.14
20 Day Moving Average 74.38
Weekly Stochastic Crossing 73.96
50 Day Moving Average 72.59
Parabolic System 71.40
Price 66.59
Daily Stochastic Crossing 65.81
Lower Bollinger Band 64.98
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 78.39
High Date 01/24/2018
Low 64.45
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.39
High Date 01/24/2018
Low 64.45
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.80
Low Date 08/21/2017
High 78.39
High Date 01/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.45
High Date 12/12/2016
Low 61.80
Low Date 08/21/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.93
Low Date 01/20/2016
High 78.45
High Date 12/12/2016
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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