The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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Energy Select Sector SPDR
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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineMACD bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
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It was a second consecutive positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 0.98 points, or 1.43%, and closed at 69.66 on Friday, November 10, 2017. XLE was trading at average weekly trading volume.

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 47.21% 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 70.47 on November 7, 2017. XLE gained -8.67 points, or -14.03%, in 11 weeks. The price is now at the 9.34% retracement level.

Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range 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 relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 October 27, 2017 at 66.34 and reached 70.47 on November 7, 2017. XLE gained -4.13 points, or -6.23%, in 11 days. The price is now at the 19.61% retracement level.

Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since November 2, 2017. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.62
Williams' Percentage Range (W%R) 13.60
Overbought
Lane's Stochastic (%D-Slow) 87.15
Overbought
Greed/Fear Indicator (GFI) 81.74
Overbought
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.37
Williams' Percentage Range (W%R) 6.50
Strong Overbought
Lane's Stochastic (%D-Slow) 87.18
Overbought
Greed/Fear Indicator (GFI) 83.60
Overbought
Moving Average Converg./Diverg. (MACD) -0.45 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 70.70
Daily Stochastic Crossing 70.10
Weekly Stochastic Crossing 69.81
Price 69.66
20 Day Moving Average 68.39
Parabolic System 68.12
50 Day Moving Average 67.54
Lower Bollinger Band 66.61
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 70.47
High Date 11/07/2017
Low 69.13
Low Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.34
Low Date 10/27/2017
High 70.47
High Date 11/07/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.80
Low Date 08/21/2017
High 70.47
High Date 11/07/2017
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 Down
Chart Pattern DownTrend
Status
Resistance
Support
High 101.52
High Date 06/23/2014
Low 49.93
Low Date 01/20/2016
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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