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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.

Uptrend Exhaustion

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- 12/13/2024 -
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Xcel Energy Inc (XEL) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the Xcel Energy Inc (XEL). During the week, the XEL dropped -1.62 points, or -2.32%, and closed at 68.12 on Friday, December 13, 2024. Weekly volume was -53% below average.

Long-term trend: [See XEL long-term trend chart]
A long-term uptrend had started on March 6, 2024 at 46.79 and reached 73.38 on November 27, 2024. XEL gained -26.59 points, or -56.83%, in 38 weeks. The price is now at the 19.78% retracement level.

Medium-term trend: [See XEL medium-term trend chart]
A medium-term uptrend had started on July 9, 2024 at 51.97 and reached 73.38 on November 27, 2024. XEL gained -21.41 points, or -41.20%, in 20 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (70.32) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. XEL may retest the broken support line. It is considered to be a resistance line now. 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 XEL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since May 3, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See XEL short-term trend chart]
A short-term downtrend had started on November 27, 2024 at 73.38 and reached 67.90 on December 13, 2024. XEL lost 5.48 points, or 7.47%, in 16 days. Price is near the trend low.

Daily Technical Indicators: [See XEL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since December 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.63
Williams' Percentage Range (W%R) 94.30
Strong Oversold
Lane's Stochastic (%D-Slow) 4.60
Strong Oversold
Greed/Fear Indicator (GFI) 12.30
Oversold
Moving Average Converg./Diverg. (MACD) 0.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.00
Williams' Percentage Range (W%R) 30.50
Lane's Stochastic (%D-Slow) 83.00
Overbought
Greed/Fear Indicator (GFI) 69.65
Moving Average Converg./Diverg. (MACD) 2.67
Trading Signals
Description Value Chart
Monthly Trendline Resistance 74.95
Upper Bollinger Band 72.08
Weekly Stochastic Crossing 71.35
20 Day Moving Average 70.37
Parabolic System 70.33
Monthly Trendline Support 70.32
Price 68.12
Daily Stochastic Crossing 68.06
50 Day Moving Average 67.09
Lower Bollinger Band 66.69
Sector and Industry
Description Name Rank
Sector Utilities 5
Industry Electric Utilities 42
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 73.38
High Date 11/27/2024
Low 67.90
Low Date 12/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.38
High Date 11/27/2024
Low 67.90
Low Date 12/13/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 74.95
Support 70.32
Low 51.97
Low Date 07/09/2024
High 73.38
High Date 11/27/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.79
Low Date 03/06/2024
High 73.38
High Date 11/27/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.66
High Date 09/12/2022
Low 46.79
Low Date 03/06/2024
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.