The Greedy Trader Weekly Analysis
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Archive
- 2/8/2019
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Financial Select Sector SPDR
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Summary:
Weekly :Broken trend resistance lineWeekly  MACD line has moved above its signal lineTrend support at 24.99
Daily :Daily  MACD line has moved below its signal linePrice is near the Fibonacci 38.2% retracement levelThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Financial Select Sector SPDR (XLF). During the week, the XLF dropped -0.38 points, or -1.46%, and closed at 25.67 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was -18% below 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 price is near the trend support (24.99) 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 XLF medium-term trend chart]
A medium-term downtrend had started on September 20, 2018 at 29.07 and reached 22.05 on December 26, 2018. XLF lost 7.02 points, or 24.15%, in 13 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (19.82) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 February 5, 2019 at 26.23 and reached 25.34 on February 8, 2019. XLF lost 0.89 points, or 3.39%, in 3 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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) 40.12
Williams' Percentage Range (W%R) 27.80
Lane's Stochastic (%D-Slow) 62.99
Greed/Fear Indicator (GFI) 58.43
Moving Average Converg./Diverg. (MACD) 0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.66
Williams' Percentage Range (W%R) 48.60
Lane's Stochastic (%D-Slow) 62.27
Greed/Fear Indicator (GFI) 53.00
Moving Average Converg./Diverg. (MACD) -0.67
Trading Signals
Description Value Chart
Upper Bollinger Band 26.52
Parabolic System 26.22
Daily Stochastic Crossing 25.82
20 Day Moving Average 25.69
Price 25.67
50 Day Moving Average 25.02
Yearly Trendline Support 24.99
Weekly Stochastic Crossing 24.87
Monthly Trendline Resistance 24.82
Lower Bollinger Band 24.67
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 26.23
High Date 02/05/2019
Low 25.34
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.05
Low Date 12/26/2018
High 26.23
High Date 02/05/2019
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 24.82
Support 19.82
High 29.07
High Date 09/20/2018
Low 22.05
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 30.33
High Date 01/29/2018
Low 22.05
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 32.61
Support 24.99
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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