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
Materials Select Sector SPDR
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Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice is close to 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 Materials Select Sector SPDR (XLB). During the week, the XLB gained 0.99 points, or 1.93%, and closed at 52.27 on Friday, January 11, 2019. Weekly volume was 8% above average.

Long-term trend: [See XLB long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 64.17 and reached 47.05 on December 26, 2018. XLB lost 17.12 points, or 26.68%, in 47 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (58.96) 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 long-term trend.

Medium-term trend: [See XLB medium-term trend chart]
A medium-term downtrend had started on September 20, 2018 at 61.16 and reached 47.05 on December 26, 2018. XLB lost 14.11 points, or 23.07%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 45.36 and resistance is at 54.43. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 28, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See XLB short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 47.05 and reached 52.51 on January 10, 2019. XLB gained -5.46 points, or -11.60%, in 15 days. Price is near the trend high.

Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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 daily MACD line is above its signal line since December 28, 2018. This is an indication that the short-term trend is up.

Price is close to the 50 Day Moving Average. While 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) 63.48
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 94.48
Strong Overbought
Greed/Fear Indicator (GFI) 83.32
Overbought
Moving Average Converg./Diverg. (MACD) -0.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.89
Williams' Percentage Range (W%R) 63.40
Lane's Stochastic (%D-Slow) 29.39
Greed/Fear Indicator (GFI) 38.10
Moving Average Converg./Diverg. (MACD) -1.56
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 59.22
Quarterly Trendline Support 58.96
Weekly Trendline Resistance 54.43
Upper Bollinger Band 53.92
50 Day Moving Average 52.57
Daily Stochastic Crossing 52.38
Price 52.27
Parabolic System 50.62
20 Day Moving Average 50.58
Weekly Stochastic Crossing 49.77
Lower Bollinger Band 48.77
Weekly Trendline Support 45.36
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 47.05
Low Date 12/26/2018
High 52.51
High Date 01/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 54.43
Support 45.36
High 61.16
High Date 09/20/2018
Low 47.05
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.21
High Date 06/12/2018
Low 47.05
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 59.22
Support 58.96
High 64.17
High Date 01/26/2018
Low 47.05
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.83
Low Date 03/06/2009
High 64.17
High Date 01/26/2018
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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