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 :Broken trend support lineBroken trend support line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the SPDR Homebuilders (XHB). During the week, the XHB gained 1.74 points, or 5.17%, and closed at 35.40 on Friday, January 11, 2019. It was the best weekly gain since November 2, 2018. Weekly volume was 54% above 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 uptrend support line (38.17) 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 XHB medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 47.20 and reached 30.56 on December 26, 2018. XHB lost 16.64 points, or 35.25%, in 48 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend support line (38.30) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since September 21, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See XHB short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 30.56 and reached 35.67 on January 9, 2019. XHB gained -5.11 points, or -16.72%, in 14 days. The price is now at the 5.28% retracement level.

Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily 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 daily MACD line is above its signal line since December 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 70.28
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 93.76
Strong Overbought
Greed/Fear Indicator (GFI) 84.69
Overbought
Moving Average Converg./Diverg. (MACD) -0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.78
Williams' Percentage Range (W%R) 55.60
Lane's Stochastic (%D-Slow) 39.63
Greed/Fear Indicator (GFI) 45.00
Moving Average Converg./Diverg. (MACD) -1.60
Trading Signals
Description Value Chart
Quarterly Trendline Support 38.30
Yearly Trendline Support 38.17
Upper Bollinger Band 36.35
Quarterly Trendline Resistance 36.27
Daily Stochastic Crossing 35.45
Price 35.40
Monthly Trendline Resistance 34.44
50 Day Moving Average 34.04
Parabolic System 33.68
20 Day Moving Average 33.18
Weekly Stochastic Crossing 32.85
Lower Bollinger Band 31.28
Monthly Trendline Support 30.20
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.21
Low Date 01/03/2019
High 35.67
High Date 01/09/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.56
Low Date 12/26/2018
High 35.67
High Date 01/09/2019
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 34.44
Support 30.20
High 40.91
High Date 08/27/2018
Low 30.56
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 36.27
Support 38.30
High 47.20
High Date 01/24/2018
Low 30.56
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 48.21
Support 38.17
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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