The Greedy Trader Weekly Analysis
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Archive
- 4/6/2018
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Energy Select Sector SPDR
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Summary:
Weekly :Trend support at 66.46
Daily :The price has risen above the Parabolic SARThe price is close to 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 Energy Select Sector SPDR (XLE). During the week, the XLE gave back -0.06 points, or -0.09%, and closed at 67.35 on Friday, April 06, 2018. Weekly volume was 12% 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 78.45 on December 12, 2016. XLE gained -28.52 points, or -57.12%, in 46 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend support (66.46) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See XLE medium-term trend chart]
A medium-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 2 weeks. The price is now at the 20.80% retracement level.

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

The weekly MACD line is below its signal line since February 9, 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 XLE short-term trend chart]
A short-term uptrend had started on April 2, 2018 at 64.93 and reached 69.02 on April 5, 2018. XLE gained -4.09 points, or -6.30%, in 3 days. The price is now at the 40.83% 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 February 23, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 is close to 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) 50.13
Williams' Percentage Range (W%R) 21.00
Lane's Stochastic (%D-Slow) 61.25
Greed/Fear Indicator (GFI) 63.45
Moving Average Converg./Diverg. (MACD) -0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.66
Williams' Percentage Range (W%R) 73.40
Lane's Stochastic (%D-Slow) 21.86
Greed/Fear Indicator (GFI) 30.20
Moving Average Converg./Diverg. (MACD) 0.43
Trading Signals
Description Value Chart
Yearly Trendline Resistance 78.38
Upper Bollinger Band 69.03
50 Day Moving Average 68.73
Daily Stochastic Crossing 67.78
20 Day Moving Average 67.40
Price 67.35
Yearly Trendline Support 66.46
Lower Bollinger Band 66.01
Weekly Stochastic Crossing 65.66
Parabolic System 64.95
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 64.93
Low Date 04/02/2018
High 69.02
High Date 04/05/2018
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 Descending Triangle
Status Test Support
Resistance 78.38
Support 66.46
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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