The Greedy Trader Weekly Analysis
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Archive
- 12/7/2018
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SPDR Oil & Gas Exploration & Production
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Lane's Stochastic bullish divergence
Move cursor over the icon to see details.

It was the negative week for the SPDR Oil & Gas Exploration & Production (XOP). During the week, the XOP dropped -1.18 points, or -3.60%, and closed at 31.58 on Friday, December 07, 2018. Weekly volume was 52% above average.

Long-term trend: [See XOP long-term trend chart]
A long-term uptrend had started on August 21, 2017 at 28.96 and reached 45.45 on July 10, 2018. XOP gained -16.49 points, or -56.94%, in 46 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (34.51) 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 long-term trend.

Medium-term trend: [See XOP medium-term trend chart]
A medium-term downtrend had started on July 10, 2018 at 45.45 and reached 30.77 on December 6, 2018. XOP lost 14.68 points, or 32.30%, in 21 weeks. The price is now at the 5.52% retracement level.

Weekly Technical Indicators: [See XOP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 3, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See XOP short-term trend chart]
A short-term downtrend had started on November 7, 2018 at 38.30 and reached 30.77 on December 6, 2018. XOP lost 7.53 points, or 19.66%, in 29 days. The price is now at the 10.76% retracement level.

Daily Technical Indicators: [See XOP daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is above its signal line since November 28, 2018. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.80
Williams' Percentage Range (W%R) 72.50
Lane's Stochastic (%D-Slow) 39.68
Bullish
Greed/Fear Indicator (GFI) 33.31
Moving Average Converg./Diverg. (MACD) -1.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.42
Williams' Percentage Range (W%R) 86.20
Oversold
Lane's Stochastic (%D-Slow) 11.93
Oversold
Greed/Fear Indicator (GFI) 21.09
Moving Average Converg./Diverg. (MACD) -0.30
Trading Signals
Description Value Chart
50 Day Moving Average 37.44
Upper Bollinger Band 36.55
Quarterly Trendline Support 34.51
Parabolic System 34.02
20 Day Moving Average 33.72
Daily Stochastic Crossing 32.18
Weekly Stochastic Crossing 31.68
Price 31.58
Lower Bollinger Band 31.23
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 38.30
High Date 11/07/2018
Low 30.77
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.81
High Date 10/04/2018
Low 30.77
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 45.45
High Date 07/10/2018
Low 30.77
Low Date 12/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 50.24
Support 34.51
Low 28.96
Low Date 08/21/2017
High 45.45
High Date 07/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.06
Low Date 01/20/2016
High 45.45
High Date 07/10/2018
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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