The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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Industrial Select Sector SPDR
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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger Band
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It was the negative week for the Industrial Select Sector SPDR (XLI). During the week, the XLI dropped -4.51 points, or -6.22%, and closed at 68.03 on Friday, December 07, 2018. It was the worst weekly loss since October 12, 2018. Weekly volume was 67% 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 trend support level is at 62.45 and resistance is at 75.15. 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 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 Descending Triangle chart pattern. The uptrend support line (76.11) 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 October 12, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. 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 December 3, 2018 at 74.46 and reached 67.80 on December 6, 2018. XLI lost 6.66 points, or 8.94%, in 3 days. Price is near the trend low.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 34.08
Williams' Percentage Range (W%R) 71.50
Lane's Stochastic (%D-Slow) 45.87
Greed/Fear Indicator (GFI) 36.16
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.69
Williams' Percentage Range (W%R) 79.80
Lane's Stochastic (%D-Slow) 31.62
Greed/Fear Indicator (GFI) 30.02
Moving Average Converg./Diverg. (MACD) -0.32 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 80.23
Quarterly Trendline Support 76.11
Yearly Trendline Resistance 75.15
Parabolic System 74.40
Upper Bollinger Band 73.71
Monthly Trendline Support 73.09
50 Day Moving Average 72.87
20 Day Moving Average 71.04
Daily Stochastic Crossing 70.00
Weekly Stochastic Crossing 69.62
Lower Bollinger Band 68.37
Price 68.03
Yearly Trendline Support 62.45
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 74.46
High Date 12/03/2018
Low 67.80
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.41
High Date 09/20/2018
Low 66.99
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 83.14
Support 73.09
Low 70.03
Low Date 05/03/2018
High 80.41
High Date 09/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 80.23
Support 76.11
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 Valid
Resistance 75.15
Support 62.45
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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