The Greedy Trader Weekly Analysis
Sign In Jul 2, 2020
Skip Navigation Links
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

SPDR Homebuilders (XHB)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtPrice is near the Fibonacci 38.2% retracement level
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the SPDR Homebuilders (XHB). During the week, the XHB dropped -1.46 points, or -3.38%, and closed at 41.78 on Friday, June 26, 2020. Weekly volume was -25% below average.

Long-term trend: [See XHB long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 30.56 and reached 49.35 on February 19, 2020. XHB gained -18.79 points, or -61.49%, in 60 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See XHB medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 23.95 and reached 46.71 on June 8, 2020. XHB gained -22.76 points, or -95.03%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (43.54) 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 XHB 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 May 15, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See XHB short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 46.71 and reached 40.51 on June 15, 2020. XHB lost 6.20 points, or 13.27%, in 7 days. The price is now at the 20.48% retracement level.

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

The daily MACD line is below its signal line since June 10, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.94
Williams' Percentage Range (W%R) 73.40
Lane's Stochastic (%D-Slow) 46.52
Greed/Fear Indicator (GFI) 35.69
Moving Average Converg./Diverg. (MACD) 1.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.96
Williams' Percentage Range (W%R) 28.30
Lane's Stochastic (%D-Slow) 86.15
Overbought
Greed/Fear Indicator (GFI) 73.44
Moving Average Converg./Diverg. (MACD) -1.27
Trading Signals
Description Value Chart
Upper Bollinger Band 45.08
Weekly Stochastic Crossing 44.58
Parabolic System 44.13
20 Day Moving Average 43.57
Weekly Trendline Support 43.54
Daily Stochastic Crossing 43.03
Price 41.78
Lower Bollinger Band 40.11
50 Day Moving Average 39.37
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.71
High Date 06/08/2020
Low 40.51
Low Date 06/15/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 50.73
Support 43.54
Low 23.95
Low Date 03/18/2020
High 46.71
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.35
High Date 02/19/2020
Low 23.95
Low Date 03/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.56
Low Date 12/26/2018
High 49.35
High Date 02/19/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.00
Low Date 03/09/2009
High 49.35
High Date 02/19/2020
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.

Copyright© 2004-2018 All rights reserved.