The Greedy Trader Weekly Analysis
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Number of records: 2
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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 lineWeekly  MACD line has moved below its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic bullish divergence
Move cursor over the icon to see details.

It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB gave back -0.32 points, or -0.55%, and closed at 57.61 on Friday, October 05, 2018. Weekly volume was -20% below 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 45.10 and resistance is at 61.46. 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 downtrend had started on January 26, 2018 at 64.17 and reached 55.21 on April 2, 2018. XLB lost 8.96 points, or 13.96%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (57.71) 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 XLB weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 August 15, 2018 at 57.02 and reached 61.16 on September 20, 2018. XLB gained -4.14 points, or -7.26%, in 36 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 below its signal line since September 25, 2018.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.27
Williams' Percentage Range (W%R) 85.10
Oversold
Lane's Stochastic (%D-Slow) 17.90
Oversold Bullish
Greed/Fear Indicator (GFI) 22.36
Moving Average Converg./Diverg. (MACD) -0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.22
Williams' Percentage Range (W%R) 77.60
Lane's Stochastic (%D-Slow) 58.65
Greed/Fear Indicator (GFI) 43.00
Moving Average Converg./Diverg. (MACD) 0.10
Trading Signals
Description Value Chart
Yearly Trendline Resistance 61.46
Upper Bollinger Band 60.59
Parabolic System 59.44
Weekly Stochastic Crossing 59.38
20 Day Moving Average 59.14
50 Day Moving Average 59.09
Monthly Trendline Resistance 58.66
Daily Stochastic Crossing 57.74
Monthly Trendline Support 57.71
Price 57.61
Lower Bollinger Band 57.15
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 57.02
Low Date 08/15/2018
High 61.16
High Date 09/20/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.21
Low Date 04/02/2018
High 61.21
High Date 06/12/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 58.66
Support 57.71
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 Uptrend
Status
Resistance
Support
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 61.46
Support 45.10
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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