The Greedy Trader Weekly Analysis
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Select Sector SPDR ETFs Technical Analysis

Archive
- 7/12/2019 -
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Industrial Select Sector SPDR (XLI)

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 78.26
Daily :A Parabolic SAR indicator is above and near the priceThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a fourth consecutive positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gained 0.88 points, or 1.14%, and closed at 78.39 on Friday, July 12, 2019. Weekly volume was -31% 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 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 price is near the trend resistance line (78.26). 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 downtrend had started on February 26, 2019 at 82.66 and reached 71.91 on June 3, 2019. XLI lost 10.75 points, or 13.01%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (71.40) 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.

The weekly MACD line is above its signal line since June 21, 2019. The distance between MACD and the signal line is low, but getting bigger. 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 July 9, 2019 at 76.28 and reached 78.41 on July 12, 2019. XLI gained -2.13 points, or -2.79%, in 3 days. Price is near the trend high.

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

The daily MACD line is above its signal line since July 11, 2019. 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.

A Parabolic SAR (stop and reversal) indicator (78.39) comes close to the price (78.39). It indicates that the trend is getting weaker. 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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 3.88% on Friday. It is 52.56% lower than one year average. It indicates the period of low 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) 61.76
Williams' Percentage Range (W%R) 34.00
Lane's Stochastic (%D-Slow) 38.08
Greed/Fear Indicator (GFI) 55.27
Moving Average Converg./Diverg. (MACD) 0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.24
Williams' Percentage Range (W%R) 49.90
Lane's Stochastic (%D-Slow) 69.59
Greed/Fear Indicator (GFI) 57.11
Moving Average Converg./Diverg. (MACD) 0.83
Trading Signals
Description Value Chart
Parabolic System 78.39
Price 78.39
Upper Bollinger Band 78.29
Yearly Trendline Resistance 78.26
Daily Stochastic Crossing 77.15
20 Day Moving Average 76.91
Weekly Stochastic Crossing 76.75
50 Day Moving Average 75.77
Lower Bollinger Band 75.27
Quarterly Trendline Resistance 73.85
Quarterly Trendline Support 71.40
Yearly Trendline Support 68.18
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.28
Low Date 07/09/2019
High 78.41
High Date 07/12/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.44
High Date 07/01/2019
Low 76.28
Low Date 07/09/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.91
Low Date 06/03/2019
High 78.44
High Date 07/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 73.85
Support 71.40
High 82.66
High Date 02/26/2019
Low 71.91
Low Date 06/03/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 78.26
Support 68.18
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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