The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Financial Select Sector SPDR
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Summary:
Weekly :
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic has raised above the signal line
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It was a first positive week for the Financial Select Sector SPDR (XLF). During the week, the XLF gained 0.44 points, or 1.60%, and closed at 28.02 on Friday, October 05, 2018. Weekly volume was 17% above average.

Long-term trend: [See XLF long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 5.88 and reached 30.33 on January 29, 2018. XLF gained -24.45 points, or -415.82%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 24.39 and resistance is at 31.98. 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 XLF medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 18.52 and reached 30.33 on January 29, 2018. XLF gained -11.81 points, or -63.77%, in 127 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 19.72 and resistance is at 32.00. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since August 3, 2018. 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 XLF short-term trend chart]
A short-term downtrend had started on September 20, 2018 at 29.07 and reached 27.47 on October 2, 2018. XLF lost 1.60 points, or 5.50%, in 12 days. The price is now at the 34.38% retracement level.

Daily Technical Indicators: [See XLF daily technical indicators chart]
Daily technical indicators are neutral. 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. 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 daily MACD line is below its signal line since September 25, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 48.47
Williams' Percentage Range (W%R) 53.70
Lane's Stochastic (%D-Slow) 31.64
Greed/Fear Indicator (GFI) 42.12
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.98
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 59.16
Greed/Fear Indicator (GFI) 60.92
Moving Average Converg./Diverg. (MACD) 0.15
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 32.00
Yearly Trendline Resistance 31.98
Upper Bollinger Band 28.82
Parabolic System 28.37
Weekly Stochastic Crossing 28.31
50 Day Moving Average 28.20
20 Day Moving Average 28.17
Price 28.02
Daily Stochastic Crossing 27.81
Lower Bollinger Band 27.41
Yearly Trendline Support 24.39
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.07
High Date 09/20/2018
Low 27.47
Low Date 10/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.31
Low Date 06/28/2018
High 29.07
High Date 09/20/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.33
High Date 01/29/2018
Low 26.31
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 32.00
Support 19.72
Low 18.52
Low Date 08/24/2015
High 30.33
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 31.98
Support 24.39
Low 5.88
Low Date 03/06/2009
High 30.33
High Date 01/29/2018
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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