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- 11/19/2021 -
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SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic bullish divergence
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic is oversoldA Parabolic SAR indicator is below and near the pricePrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the SPDR Portfolio Intermediate Term Corporate Bond ETF (SPIB). During the week, the SPIB gave back -0.03 points, or -0.08%, and closed at 36.19 on Friday, November 19, 2021. Weekly volume was 33% above average.

Long-term trend: [See SPIB long-term trend chart]
A long-term uptrend had started on March 12, 2020 at 30.10 and reached 37.19 on December 31, 2020. SPIB gained -7.09 points, or -23.55%, in 42 weeks. The price is now at the 14.10% retracement level.

Medium-term trend: [See SPIB medium-term trend chart]
A medium-term downtrend had started on August 4, 2021 at 37.00 and reached 36.09 on November 16, 2021. SPIB lost 0.91 points, or 2.46%, in 14 weeks. The price is now at the 10.99% retracement level.

Weekly Technical Indicators: [See SPIB weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. Weekly 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 weekly 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 weekly MACD line is below its signal line since September 24, 2021. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See SPIB short-term trend chart]
A short-term downtrend had started on November 5, 2021 at 36.52 and reached 36.09 on November 16, 2021. SPIB lost 0.43 points, or 1.18%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See SPIB daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

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

A Parabolic SAR (stop and reversal) indicator (36.29) comes close to the price (36.19). It indicates that the trend is getting weaker. 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.

The price is close to 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.31
Williams' Percentage Range (W%R) 74.40
Lane's Stochastic (%D-Slow) 15.38
Oversold
Greed/Fear Indicator (GFI) 29.43
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.45
Williams' Percentage Range (W%R) 87.90
Oversold
Lane's Stochastic (%D-Slow) 16.67
Oversold Bullish
Greed/Fear Indicator (GFI) 23.43
Moving Average Converg./Diverg. (MACD) -0.04
Trading Signals
Description Value Chart
Upper Bollinger Band 36.49
50 Day Moving Average 36.44
Parabolic System 36.29
20 Day Moving Average 36.29
Weekly Stochastic Crossing 36.20
Price 36.19
Daily Stochastic Crossing 36.15
Lower Bollinger Band 36.07
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 36.09
Low Date 11/16/2021
High 36.28
High Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36.52
High Date 11/05/2021
Low 36.09
Low Date 11/16/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.00
High Date 08/04/2021
Low 36.09
Low Date 11/16/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.19
High Date 12/31/2020
Low 36.09
Low Date 11/16/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.10
Low Date 03/12/2020
High 37.19
High Date 12/31/2020
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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