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 :Broken trend resistance lineThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Materials Select Sector SPDR (XLB). During the week, the XLB gained 1.60 points, or 2.83%, and closed at 58.11 on Friday, April 13, 2018. Weekly volume was 37% above average.

Long-term trend: [See XLB long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 17.83 and reached 64.17 on January 26, 2018. XLB gained -46.34 points, or -259.90%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 43.79 and resistance is at 60.14. 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 XLB medium-term trend chart]
A medium-term uptrend had started on January 20, 2016 at 36.29 and reached 64.17 on January 26, 2018. XLB gained -27.88 points, or -76.83%, in 105 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (61.72) 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 XLB weekly technical indicators chart]
Weekly technical indicators are neutral.

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 XLB short-term trend chart]
A short-term downtrend had started on March 13, 2018 at 61.74 and reached 55.21 on April 2, 2018. XLB lost 6.53 points, or 10.58%, in 20 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (51.63) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

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

The daily MACD line is above its signal line since April 5, 2018.

During the last week, the price has moved above 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) 59.53
Williams' Percentage Range (W%R) 23.00
Lane's Stochastic (%D-Slow) 79.50
Greed/Fear Indicator (GFI) 72.01
Moving Average Converg./Diverg. (MACD) -0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.77
Williams' Percentage Range (W%R) 63.40
Lane's Stochastic (%D-Slow) 28.02
Greed/Fear Indicator (GFI) 36.24
Moving Average Converg./Diverg. (MACD) 0.91
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 68.90
Quarterly Trendline Support 61.72
Yearly Trendline Resistance 60.14
Upper Bollinger Band 59.72
50 Day Moving Average 58.97
Daily Stochastic Crossing 58.16
Price 58.11
20 Day Moving Average 57.32
Weekly Stochastic Crossing 56.64
Parabolic System 56.40
Lower Bollinger Band 55.84
Weekly Trendline Resistance 54.30
Weekly Trendline Support 51.63
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.21
Low Date 04/02/2018
High 58.65
High Date 04/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 54.30
Support 51.63
High 61.74
High Date 03/13/2018
Low 55.21
Low Date 04/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.17
High Date 01/26/2018
Low 55.21
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 68.90
Support 61.72
Low 36.29
Low Date 01/20/2016
High 64.17
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 60.14
Support 43.79
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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