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
Industrial Select Sector SPDR
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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a first positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gained 1.22 points, or 1.68%, and closed at 73.99 on Friday, April 13, 2018. Weekly volume was 14% above average.

Long-term trend: [See XLI long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.14 and reached 80.96 on January 29, 2018. XLI gained -65.82 points, or -434.74%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (59.29) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See XLI medium-term trend chart]
A medium-term uptrend had started on January 20, 2016 at 46.82 and reached 80.96 on January 29, 2018. XLI gained -34.14 points, or -72.92%, in 105 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (77.61) 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 XLI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 16, 2018. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See XLI short-term trend chart]
A short-term downtrend had started on March 12, 2018 at 78.58 and reached 71.78 on April 2, 2018. XLI lost 6.80 points, or 8.65%, in 21 days. The price is now at the 32.50% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.81
Williams' Percentage Range (W%R) 46.00
Lane's Stochastic (%D-Slow) 52.22
Greed/Fear Indicator (GFI) 53.69
Moving Average Converg./Diverg. (MACD) -0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.06
Williams' Percentage Range (W%R) 59.80
Lane's Stochastic (%D-Slow) 35.48
Greed/Fear Indicator (GFI) 39.79
Moving Average Converg./Diverg. (MACD) 1.67
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 81.36
Monthly Trendline Support 79.14
Quarterly Trendline Support 77.61
Upper Bollinger Band 76.74
Monthly Trendline Resistance 76.67
50 Day Moving Average 75.54
20 Day Moving Average 74.15
Weekly Stochastic Crossing 73.99
Price 73.99
Daily Stochastic Crossing 73.81
Parabolic System 72.78
Yearly Trendline Resistance 71.99
Lower Bollinger Band 71.81
Yearly Trendline Support 59.29
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 78.58
High Date 03/12/2018
Low 71.78
Low Date 04/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.28
High Date 02/27/2018
Low 71.78
Low Date 04/02/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 76.67
Support 79.14
High 80.96
High Date 01/29/2018
Low 71.49
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 81.36
Support 77.61
Low 46.82
Low Date 01/20/2016
High 80.96
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 71.99
Support 59.29
Low 15.14
Low Date 03/06/2009
High 80.96
High Date 01/29/2018
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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