The Greedy Trader Weekly Analysis
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Monthly Pattern:Broadening Symmetric Wedge
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Chart Analysis and Chart Pattern Recognition – Broadening Formations

Broadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. They start with narrow fluctuations, and then widen out between diverging boundary lines. The pattern, where one of the boundary lines is horizontal, is referred to as a right-angled formation. Broadening formations usually mark the reversal when confirmed by other technical indicators.
Broadening formations Screening page presents a list of stocks forming Broadening formation Pattern.
Tips:
# 1
As a reversal formation, Broadening formation Pattern appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques.

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- 4/5/2024 -
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Xylem Inc. (XYL) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the Xylem Inc. (XYL). During the week, the XYL gave back -0.97 points, or -0.75%, and closed at 128.27 on Friday, April 5, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was -36% below average.

XYL is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See XYL long-term trend chart]
A long-term downtrend had started on September 2, 2021 at 138.78 and reached 72.08 on June 16, 2022. XYL lost 66.70 points, or 48.06%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (92.46) 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 long-term trend.

Medium-term trend: [See XYL medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 87.59 and reached 130.86 on March 21, 2024. XYL gained -43.27 points, or -49.40%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (132.01) 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 XYL weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See XYL short-term trend chart]
A short-term downtrend had started on March 21, 2024 at 130.86 and reached 127.00 on April 5, 2024. XYL lost 3.86 points, or 2.95%, in 15 days. The price is now at the 32.90% retracement level.

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

The daily MACD line is below its signal line since March 4, 2024. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The distance between the Bollinger Bands (2.78%) is close to one year low (3.22%). It is 71.47% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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) 54.46
Williams' Percentage Range (W%R) 64.50
Lane's Stochastic (%D-Slow) 31.24
Greed/Fear Indicator (GFI) 40.41
Moving Average Converg./Diverg. (MACD) 1.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.16
Williams' Percentage Range (W%R) 10.10
Overbought
Lane's Stochastic (%D-Slow) 91.71
Strong Overbought
Greed/Fear Indicator (GFI) 81.73
Overbought
Moving Average Converg./Diverg. (MACD) 5.61
Trading Signals
Description Value Chart
Monthly Trendline Resistance 133.66
Monthly Trendline Support 132.01
Parabolic System 130.53
Weekly Stochastic Crossing 130.01
Upper Bollinger Band 129.48
Price 128.27
20 Day Moving Average 128.21
Daily Stochastic Crossing 127.94
Lower Bollinger Band 125.94
50 Day Moving Average 124.37
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Industrial Machinery 104
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 130.86
High Date 03/21/2024
Low 127.00
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.39
Low Date 01/17/2024
High 130.86
High Date 03/21/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 133.66
Support 132.01
Low 87.59
Low Date 10/30/2023
High 130.86
High Date 03/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 72.08
Low Date 06/16/2022
High 130.86
High Date 03/21/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 100.42
Support 92.46
High 138.78
High Date 09/02/2021
Low 72.08
Low Date 06/16/2022
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.