The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Energy Select Sector SPDR
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Summary:
Weekly :Broken trend support lineBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :The price has fallen below the Parabolic SAR
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It was the negative week for the Energy Select Sector SPDR (XLE). During the week, the XLE dropped -2.02 points, or -3.06%, and closed at 64.08 on Friday, December 07, 2018. Weekly volume was 72% above average.

Long-term trend: [See XLE long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 49.93 and reached 79.42 on May 22, 2018. XLE gained -29.49 points, or -59.06%, in 121 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (71.50) 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 XLE medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 61.80 and reached 79.42 on May 22, 2018. XLE gained -17.62 points, or -28.51%, in 39 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (67.49) 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 XLE weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since July 27, 2018. The distance between MACD and the signal line is near its high, but getting smaller. 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 December 3, 2018 at 67.99 and reached 63.07 on December 6, 2018. XLE lost 4.92 points, or 7.24%, in 3 days. The price is now at the 20.53% retracement level.

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

The daily MACD line is above its signal line since November 27, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.68
Williams' Percentage Range (W%R) 64.50
Lane's Stochastic (%D-Slow) 50.84
Greed/Fear Indicator (GFI) 42.67
Moving Average Converg./Diverg. (MACD) -1.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.15
Williams' Percentage Range (W%R) 83.10
Oversold
Lane's Stochastic (%D-Slow) 17.96
Oversold
Greed/Fear Indicator (GFI) 24.85
Moving Average Converg./Diverg. (MACD) -0.77
Trading Signals
Description Value Chart
Yearly Trendline Support 71.50
50 Day Moving Average 69.53
Upper Bollinger Band 68.93
Monthly Trendline Support 68.54
Parabolic System 67.96
Quarterly Trendline Support 67.49
20 Day Moving Average 66.01
Daily Stochastic Crossing 65.38
Weekly Stochastic Crossing 64.79
Price 64.08
Lower Bollinger Band 63.63
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 67.99
High Date 12/03/2018
Low 63.07
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.36
High Date 10/09/2018
Low 63.07
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 77.77
Support 68.54
High 79.42
High Date 05/22/2018
Low 63.07
Low Date 12/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 82.74
Support 67.49
Low 61.80
Low Date 08/21/2017
High 79.42
High Date 05/22/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 79.79
Support 71.50
Low 49.93
Low Date 01/20/2016
High 79.42
High Date 05/22/2018
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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