The Greedy Trader Weekly Analysis
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Archive
- 4/6/2018
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Financial Select Sector SPDR
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Summary:
Weekly :Broken trend resistance line
Daily :The price has risen above the Parabolic SARThe period of high volatility of the stock price
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It was the negative week for the Financial Select Sector SPDR (XLF). During the week, the XLF dropped -0.42 points, or -1.52%, and closed at 27.17 on Friday, April 06, 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 23.42 and resistance is at 31.00. 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 Rectangle chart pattern. The uptrend resistance line (19.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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.

The weekly MACD line is below its signal line since February 23, 2018. The distance between MACD and the signal line is near its high and getting bigger. 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 January 29, 2018 at 30.33 and reached 26.55 on April 2, 2018. XLF lost 3.78 points, or 12.46%, in 63 days. The price is now at the 16.40% retracement level.

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

The daily MACD line is below its signal line since March 15, 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 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 distance between the Bollinger Bands is 120.51% higher then one year average. It indicates the period of high volatility of the stock price. 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) 36.38
Williams' Percentage Range (W%R) 70.20
Lane's Stochastic (%D-Slow) 46.23
Greed/Fear Indicator (GFI) 37.46
Moving Average Converg./Diverg. (MACD) -0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.96
Williams' Percentage Range (W%R) 62.90
Lane's Stochastic (%D-Slow) 43.37
Greed/Fear Indicator (GFI) 42.30
Moving Average Converg./Diverg. (MACD) 0.88
Trading Signals
Description Value Chart
Yearly Trendline Resistance 31.00
Upper Bollinger Band 29.73
50 Day Moving Average 28.60
20 Day Moving Average 28.12
Weekly Stochastic Crossing 27.84
Daily Stochastic Crossing 27.35
Price 27.17
Parabolic System 26.55
Lower Bollinger Band 26.11
Quarterly Trendline Resistance 25.45
Yearly Trendline Support 23.42
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 30.33
High Date 01/29/2018
Low 26.55
Low Date 04/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.00
Low Date 03/17/2017
High 30.33
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.94
Low Date 09/27/2016
High 30.33
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 25.45
Support 19.48
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 31.00
Support 23.42
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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