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
Industrial Select Sector SPDR
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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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 climbed 0.59 points, or 0.75%, and closed at 78.98 on Friday, October 05, 2018. Weekly volume was 6% 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 (61.63) 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 downtrend had started on January 29, 2018 at 80.96 and reached 70.03 on May 3, 2018. XLI lost 10.93 points, or 13.50%, in 13 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (72.22) 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 medium-term trend.

Weekly Technical Indicators: [See XLI weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 27, 2018. Use the following link to access a MACD help.

Short-term trend: [See XLI short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 70.03 and reached 80.41 on September 20, 2018. XLI gained -10.38 points, or -14.82%, in 140 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 72.22 and resistance is at 80.97. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since September 24, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.65
Williams' Percentage Range (W%R) 34.70
Lane's Stochastic (%D-Slow) 55.78
Greed/Fear Indicator (GFI) 56.58
Moving Average Converg./Diverg. (MACD) 0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.82
Overbought
Williams' Percentage Range (W%R) 10.60
Overbought
Lane's Stochastic (%D-Slow) 86.48
Overbought
Greed/Fear Indicator (GFI) 79.19
Moving Average Converg./Diverg. (MACD) 0.74
Trading Signals
Description Value Chart
Weekly Trendline Resistance 80.97
Upper Bollinger Band 79.90
Weekly Stochastic Crossing 79.45
Daily Stochastic Crossing 79.25
Price 78.98
20 Day Moving Average 78.93
Parabolic System 78.13
Lower Bollinger Band 77.46
50 Day Moving Average 77.43
Yearly Trendline Resistance 74.33
Monthly Trendline Resistance 73.13
Monthly Trendline Support 72.22
Weekly Trendline Support 72.22
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 70.82
Low Date 06/28/2018
High 80.41
High Date 09/20/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 80.97
Support 72.22
Low 70.03
Low Date 05/03/2018
High 80.41
High Date 09/20/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 73.13
Support 72.22
High 80.96
High Date 01/29/2018
Low 70.03
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 74.33
Support 61.63
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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