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 (XHB)

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal lineTrend resistance at 58.02
Daily :Williams' Percentage Range is overbought
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It was a first positive week for the SPDR Homebuilders (XHB). During the week, the XHB gained 1.10 points, or 1.96%, and closed at 57.15 on Friday, November 20, 2020. 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 58.34 on October 16, 2020. XHB gained -50.34 points, or -629.25%, in 605 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (58.02). 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 XHB medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 23.95 and reached 58.34 on October 16, 2020. XHB gained -34.39 points, or -143.59%, in 30 weeks. Price is near the trend high.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 October 30, 2020 at 51.48 and reached 58.29 on November 9, 2020. XHB gained -6.81 points, or -13.23%, in 10 days. The price is now at the 16.74% retracement level.

Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since November 12, 2020. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.82
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 76.31
Greed/Fear Indicator (GFI) 74.91
Moving Average Converg./Diverg. (MACD) 0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.91
Williams' Percentage Range (W%R) 6.80
Strong Overbought
Lane's Stochastic (%D-Slow) 61.98
Greed/Fear Indicator (GFI) 69.72
Moving Average Converg./Diverg. (MACD) 3.32
Trading Signals
Description Value Chart
Upper Bollinger Band 59.23
Yearly Trendline Resistance 58.02
Price 57.15
Daily Stochastic Crossing 56.89
Parabolic System 55.86
Weekly Stochastic Crossing 55.61
20 Day Moving Average 55.17
50 Day Moving Average 54.95
Lower Bollinger Band 52.37
Yearly Trendline Support 46.17
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 51.48
Low Date 10/30/2020
High 58.29
High Date 11/09/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.95
Low Date 03/18/2020
High 58.34
High Date 10/16/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.92
Low Date 11/03/2016
High 58.34
High Date 10/16/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.72
Low Date 02/11/2016
High 58.34
High Date 10/16/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 58.02
Support 46.17
Low 8.00
Low Date 03/09/2009
High 58.34
High Date 10/16/2020
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.

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