The Greedy Trader Weekly Analysis
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Archive
- 8/3/2018
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Industrial Select Sector SPDR
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gave back -0.16 points, or -0.21%, and closed at 75.85 on Friday, August 03, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was 18% 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 uptrend resistance line (60.78) 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 long-term trend.

Medium-term trend: [See XLI medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 80.96 and reached 70.03 on May 3, 2018. XLI lost 10.93 points, or 13.50%, in 13 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (71.33) 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 XLI 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 XLI short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 70.82 and reached 76.99 on July 31, 2018. XLI gained -6.17 points, or -8.71%, in 33 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since July 6, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 66.39
Williams' Percentage Range (W%R) 27.40
Lane's Stochastic (%D-Slow) 68.00
Greed/Fear Indicator (GFI) 68.99
Moving Average Converg./Diverg. (MACD) 0.50
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.64
Williams' Percentage Range (W%R) 24.20
Lane's Stochastic (%D-Slow) 55.91
Greed/Fear Indicator (GFI) 61.57
Moving Average Converg./Diverg. (MACD) 0.11
Trading Signals
Description Value Chart
Upper Bollinger Band 77.13
Parabolic System 77.03
Daily Stochastic Crossing 76.13
Price 75.85
Monthly Trendline Resistance 75.11
Weekly Stochastic Crossing 74.73
20 Day Moving Average 74.65
50 Day Moving Average 74.29
Yearly Trendline Resistance 73.49
Lower Bollinger Band 72.56
Monthly Trendline Support 71.33
Yearly Trendline Support 60.78
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 70.82
Low Date 06/28/2018
High 76.99
High Date 07/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.03
Low Date 05/03/2018
High 76.99
High Date 07/31/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 75.11
Support 71.33
High 80.96
High Date 01/29/2018
Low 70.03
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Broken Resistance
Resistance 73.49
Support 60.78
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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