The Greedy Trader Weekly Analysis
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Archive
- 11/10/2017
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Industrial Select Sector SPDR
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Summary:
Weekly :Lane's Stochastic is overboughtTrend resistance at 70.00
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergenceA Parabolic SAR indicator is below and near the pricePrice is close to the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Industrial Select Sector SPDR (XLI). During the week, the XLI dropped -0.77 points, or -1.07%, and closed at 71.06 on Friday, November 10, 2017. It was the worst weekly loss since August 11, 2017. Weekly volume was -30% 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 73.20 on October 24, 2017. XLI gained -58.06 points, or -383.49%, in 450 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (70.00). 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 73.20 on October 24, 2017. XLI gained -26.38 points, or -56.34%, in 91 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 68.79 and resistance is at 75.07. 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 medium-term trend.

Weekly Technical Indicators: [See XLI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 weekly MACD line is above its signal line since September 29, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 November 7, 2017 at 72.09 and reached 70.67 on November 9, 2017. XLI lost 1.42 points, or 1.97%, in 2 days. The price is now at the 27.46% retracement level.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since October 13, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

A Parabolic SAR (stop and reversal) indicator (71.69) comes close to the price (71.06). 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.

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. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 31.25
Williams' Percentage Range (W%R) 94.50
Strong Oversold
Lane's Stochastic (%D-Slow) 36.45
Bullish
Greed/Fear Indicator (GFI) 24.41
Moving Average Converg./Diverg. (MACD) 0.25 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.14
Williams' Percentage Range (W%R) 38.20
Lane's Stochastic (%D-Slow) 83.45
Overbought
Greed/Fear Indicator (GFI) 69.14
Moving Average Converg./Diverg. (MACD) 1.50
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 75.07
Upper Bollinger Band 72.67
Weekly Stochastic Crossing 72.49
20 Day Moving Average 71.98
Parabolic System 71.69
Daily Stochastic Crossing 71.18
Price 71.06
50 Day Moving Average 71.01
Lower Bollinger Band 70.72
Yearly Trendline Resistance 70.00
Quarterly Trendline Support 68.79
Yearly Trendline Support 57.30
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 72.09
High Date 11/07/2017
Low 70.67
Low Date 11/09/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.20
High Date 10/24/2017
Low 70.67
Low Date 11/09/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.95
Low Date 08/21/2017
High 73.20
High Date 10/24/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 75.07
Support 68.79
Low 46.82
Low Date 01/20/2016
High 73.20
High Date 10/24/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 70.00
Support 57.30
Low 15.14
Low Date 03/06/2009
High 73.20
High Date 10/24/2017
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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