The Greedy Trader Weekly Analysis
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Select Sector SPDR ETFs Technical Analysis

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- 11/20/2020 -
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Industrial Select Sector SPDR (XLI)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtMACD bearish divergenceTrend resistance at 87.02
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a third consecutive positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gained 0.90 points, or 1.05%, and closed at 86.66 on Friday, November 20, 2020. Weekly volume was -26% below average.

Long-term trend: [See XLI long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.14 and reached 88.68 on November 18, 2020. XLI gained -73.54 points, or -485.73%, in 610 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (87.02). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See XLI medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 47.71 and reached 88.68 on November 18, 2020. XLI gained -40.97 points, or -85.87%, in 34 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (79.60) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 XLI weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 29, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See XLI short-term trend chart]
A short-term downtrend had started on November 18, 2020 at 88.68 and reached 86.43 on November 19, 2020. XLI lost 2.25 points, or 2.54%, in 1 days. The price is now at the 10.22% retracement level.

Daily Technical Indicators: [See XLI 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 4, 2020.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.33
Williams' Percentage Range (W%R) 10.30
Overbought
Lane's Stochastic (%D-Slow) 82.93
Overbought
Greed/Fear Indicator (GFI) 83.00
Overbought
Moving Average Converg./Diverg. (MACD) 1.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.38
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 71.04
Greed/Fear Indicator (GFI) 73.84
Moving Average Converg./Diverg. (MACD) 2.27 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 92.18
Monthly Trendline Resistance 88.91
Monthly Trendline Support 88.53
Daily Stochastic Crossing 87.56
Yearly Trendline Resistance 87.02
Price 86.66
Parabolic System 85.66
Weekly Stochastic Crossing 84.21
Quarterly Trendline Resistance 83.34
20 Day Moving Average 82.22
50 Day Moving Average 80.23
Quarterly Trendline Support 79.60
Lower Bollinger Band 75.01
Yearly Trendline Support 71.65
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 88.68
High Date 11/18/2020
Low 86.43
Low Date 11/19/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 88.68
High Date 11/18/2020
Low 86.43
Low Date 11/19/2020
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 88.91
Support 88.53
Low 74.64
Low Date 10/29/2020
High 88.68
High Date 11/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 83.34
Support 79.60
Low 47.71
Low Date 03/23/2020
High 88.68
High Date 11/18/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 87.02
Support 71.65
Low 15.14
Low Date 03/06/2009
High 88.68
High Date 11/18/2020
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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