The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
SPDR Homebuilders
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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the SPDR Homebuilders (XHB). During the week, the XHB dropped -0.82 points, or -2.01%, and closed at 39.99 on Friday, April 13, 2018. Weekly volume was -17% below average.

Long-term trend: [See XHB long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 8.00 and reached 47.20 on January 24, 2018. XHB gained -39.20 points, or -490%, in 463 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 35.88 and resistance is at 49.05. 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 XHB medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 27.72 and reached 47.20 on January 24, 2018. XHB gained -19.48 points, or -70.27%, in 101 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 37.16 and resistance is at 48.82. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See XHB weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 2, 2018. The distance between MACD and the signal line is near its high, but getting smaller. 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 January 24, 2018 at 47.20 and reached 39.08 on April 2, 2018. XHB lost 8.12 points, or 17.20%, in 68 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 38.58 and resistance is at 41.97. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.

Daily Technical Indicators: [See XHB 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.60
Williams' Percentage Range (W%R) 60.90
Lane's Stochastic (%D-Slow) 43.39
Greed/Fear Indicator (GFI) 44.37
Moving Average Converg./Diverg. (MACD) -0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.65
Williams' Percentage Range (W%R) 85.80
Oversold
Lane's Stochastic (%D-Slow) 23.36
Greed/Fear Indicator (GFI) 25.57
Moving Average Converg./Diverg. (MACD) 0.64
Trading Signals
Description Value Chart
Parabolic System 42.06
Weekly Trendline Resistance 41.97
Upper Bollinger Band 41.95
50 Day Moving Average 41.39
20 Day Moving Average 40.67
Daily Stochastic Crossing 40.60
Price 39.99
Weekly Stochastic Crossing 39.97
Lower Bollinger Band 39.57
Weekly Trendline Support 38.58
Quarterly Trendline Support 37.16
Yearly Trendline Support 35.88
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 42.58
High Date 03/13/2018
Low 39.08
Low Date 04/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 41.97
Support 38.58
High 47.20
High Date 01/24/2018
Low 39.08
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.92
Low Date 11/03/2016
High 47.20
High Date 01/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 48.82
Support 37.16
Low 27.72
Low Date 02/11/2016
High 47.20
High Date 01/24/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 49.05
Support 35.88
Low 8.00
Low Date 03/09/2009
High 47.20
High Date 01/24/2018
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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