The Greedy Trader Weekly Analysis
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Archive
- 4/6/2018
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Industrial Select Sector SPDR
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Summary:
Weekly :Broken trend support lineTrend resistance at 71.90
Daily :Bearish Evening Star CandlestickThe price has risen above the Parabolic SAR
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It was the negative week for the Industrial Select Sector SPDR (XLI). During the week, the XLI dropped -1.52 points, or -2.05%, and closed at 72.77 on Friday, April 06, 2018. Weekly volume was 103% above 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 80.96 on January 29, 2018. XLI gained -65.82 points, or -434.74%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (71.90). 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 January 20, 2016 at 46.82 and reached 80.96 on January 29, 2018. XLI gained -34.14 points, or -72.92%, in 105 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (77.33) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since February 16, 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 XLI short-term trend chart]
A short-term downtrend had started on February 27, 2018 at 79.28 and reached 71.78 on April 2, 2018. XLI lost 7.50 points, or 9.46%, in 34 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 71.78 and resistance is at 76.74. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

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

The daily MACD line is below its signal line since March 16, 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.

Candlestick pattern: [See XLI candlestick chart pattern]
On Friday the chart has formed a Bearish Evening Star Candlestick pattern. This is a major top reversal pattern that appears in an uptrend. The reliability of the Bearish Evening Star pattern is very high. Use the Technical Stock Screener to see the list of stocks that had a Bearish Evening Star Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.69
Williams' Percentage Range (W%R) 65.90
Lane's Stochastic (%D-Slow) 45.83
Greed/Fear Indicator (GFI) 38.88
Moving Average Converg./Diverg. (MACD) -0.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.45
Williams' Percentage Range (W%R) 62.80
Lane's Stochastic (%D-Slow) 40.14
Greed/Fear Indicator (GFI) 40.42
Moving Average Converg./Diverg. (MACD) 1.85
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 81.09
Upper Bollinger Band 78.12
Quarterly Trendline Support 77.33
Weekly Trendline Resistance 76.74
50 Day Moving Average 76.18
20 Day Moving Average 75.06
Weekly Stochastic Crossing 74.44
Daily Stochastic Crossing 73.61
Price 72.77
Parabolic System 71.97
Yearly Trendline Resistance 71.90
Weekly Trendline Support 71.78
Lower Bollinger Band 71.31
Yearly Trendline Support 59.19
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 71.78
Low Date 04/02/2018
High 75.02
High Date 04/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 76.74
Support 71.78
High 79.28
High Date 02/27/2018
Low 71.78
Low Date 04/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.96
High Date 01/29/2018
Low 71.49
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 81.09
Support 77.33
Low 46.82
Low Date 01/20/2016
High 80.96
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 71.90
Support 59.19
Low 15.14
Low Date 03/06/2009
High 80.96
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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