The Greedy Trader Weekly Analysis
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Number of records: 15
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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 uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceThe Bollinger Bands are historically far apart
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It was a fourth consecutive positive week for the Materials Select Sector SPDR (XLB). During the week, the XLB climbed 0.59 points, or 0.94%, and closed at 63.41 on Friday, January 12, 2018. Weekly volume was 15% 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 63.55 on January 12, 2018. XLB gained -45.72 points, or -256.42%, in 462 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (43.12) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 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 63.55 on January 12, 2018. XLB gained -27.26 points, or -75.12%, in 103 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (54.97) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 15, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 November 15, 2017 at 57.26 and reached 63.55 on January 12, 2018. XLB gained -6.29 points, or -10.98%, in 58 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since December 18, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands (8.89%) is close to one year high (7.12%). It is 131.52% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 86.18
Overbought Bearish
Williams' Percentage Range (W%R) 0.40
Strong Overbought
Lane's Stochastic (%D-Slow) 89.60
Overbought Bearish
Greed/Fear Indicator (GFI) 91.79
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.84 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.31
Overbought Bearish
Williams' Percentage Range (W%R) 0.20
Strong Overbought
Lane's Stochastic (%D-Slow) 89.04
Overbought Bearish
Greed/Fear Indicator (GFI) 84.51
Overbought
Moving Average Converg./Diverg. (MACD) 1.58 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 64.29
Price 63.41
Daily Stochastic Crossing 63.28
Weekly Stochastic Crossing 63.04
Parabolic System 62.72
20 Day Moving Average 61.17
Quarterly Trendline Resistance 60.81
50 Day Moving Average 59.77
Yearly Trendline Resistance 59.47
Monthly Trendline Resistance 58.93
Lower Bollinger Band 58.66
Monthly Trendline Support 58.57
Quarterly Trendline Support 54.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 57.26
Low Date 11/15/2017
High 63.55
High Date 01/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.41
Low Date 08/11/2017
High 63.55
High Date 01/12/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 58.93
Support 58.57
Low 45.56
Low Date 10/13/2016
High 63.55
High Date 01/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 60.81
Support 54.97
Low 36.29
Low Date 01/20/2016
High 63.55
High Date 01/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 59.47
Support 43.12
Low 17.83
Low Date 03/06/2009
High 63.55
High Date 01/12/2018
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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