The Greedy Trader Weekly Analysis
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Number of records: 6
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Archive
- 5/10/2019
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Industrial Select Sector SPDR
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Summary:
Weekly :Broken trend support line
Daily :The price has declined below the moving average in the center of the Bollinger BandsPrice is close to 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 dropped -2.13 points, or -2.72%, and closed at 76.27 on Friday, May 10, 2019. It was the worst weekly loss since March 8, 2019. Weekly volume was 19% 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 82.66 on February 26, 2019. XLI gained -67.52 points, or -445.97%, in 520 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 67.32 and resistance is at 77.40. 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 XLI medium-term trend chart]
A medium-term downtrend had started on April 24, 2019 at 78.95 and reached 74.59 on May 10, 2019. XLI lost 4.36 points, or 5.52%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (77.07) is broken. Usually a broken support is considered to be a long-term bearish 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 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 above its signal line since February 1, 2019. 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 May 3, 2019 at 78.47 and reached 74.59 on May 10, 2019. XLI lost 3.88 points, or 4.94%, in 7 days. The price is now at the 43.30% retracement level.

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

The daily MACD line is below its signal line since April 26, 2019. This is an indication that the short-term trend is down.

During the last week, the price has declined below 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.

Price is close to the 50 Day Moving Average. 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) 38.43
Williams' Percentage Range (W%R) 79.80
Lane's Stochastic (%D-Slow) 31.63
Greed/Fear Indicator (GFI) 30.08
Moving Average Converg./Diverg. (MACD) 0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.80
Williams' Percentage Range (W%R) 31.60
Lane's Stochastic (%D-Slow) 53.57
Greed/Fear Indicator (GFI) 58.00
Moving Average Converg./Diverg. (MACD) 0.73
Trading Signals
Description Value Chart
Upper Bollinger Band 78.53
Monthly Trendline Resistance 78.06
Parabolic System 77.53
Yearly Trendline Resistance 77.40
20 Day Moving Average 77.40
Monthly Trendline Support 77.07
Weekly Stochastic Crossing 76.30
Price 76.27
50 Day Moving Average 76.01
Daily Stochastic Crossing 75.70
Lower Bollinger Band 75.27
Yearly Trendline Support 67.32
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 78.47
High Date 05/03/2019
Low 74.59
Low Date 05/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.47
High Date 05/03/2019
Low 74.59
Low Date 05/10/2019
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 78.06
Support 77.07
High 78.95
High Date 04/24/2019
Low 74.59
Low Date 05/10/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.66
High Date 02/26/2019
Low 72.79
Low Date 03/25/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 77.40
Support 67.32
Low 15.14
Low Date 03/06/2009
High 82.66
High Date 02/26/2019
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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