The Greedy Trader Weekly Analysis
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Uptrend Support
Uptrend Support 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 Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for uptrend support trend trading. Technical analysis of stock trend and uptrend support trend trading.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,uptrend support

SPDR Retail (XRT)

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the SPDR Retail (XRT). During the week, the XRT dropped -0.93 points, or -1.56%, and closed at 58.55 on Friday, May 26, 2023. Weekly volume was 16% above average.

Long-term trend: [See XRT long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 26.29 and reached 104.26 on November 16, 2021. XRT gained -77.97 points, or -296.58%, in 86 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 46.89 and resistance is at 69.74. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See XRT medium-term trend chart]
A medium-term uptrend had started on September 30, 2022 at 55.33 and reached 75.77 on February 2, 2023. XRT gained -20.44 points, or -36.94%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (63.47) 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. XRT 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 XRT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 17, 2023. Use the following link to access a MACD help.

Short-term trend: [See XRT short-term trend chart]
A short-term downtrend had started on April 12, 2023 at 64.38 and reached 57.61 on May 26, 2023. XRT lost 6.77 points, or 10.52%, in 44 days. The price is now at the 13.88% retracement level.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.52
Williams' Percentage Range (W%R) 94.10
Strong Oversold
Lane's Stochastic (%D-Slow) 14.88
Oversold
Greed/Fear Indicator (GFI) 18.10
Oversold
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.76
Williams' Percentage Range (W%R) 98.50
Strong Oversold
Lane's Stochastic (%D-Slow) 23.47
Greed/Fear Indicator (GFI) 21.81
Moving Average Converg./Diverg. (MACD) -0.86 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 69.74
Monthly Trendline Support 63.47
Upper Bollinger Band 62.41
50 Day Moving Average 61.21
Parabolic System 60.67
20 Day Moving Average 60.38
Weekly Stochastic Crossing 59.20
Price 58.55
Daily Stochastic Crossing 58.21
Lower Bollinger Band 58.16
Yearly Trendline Support 46.89
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 64.38
High Date 04/12/2023
Low 57.61
Low Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 75.77
High Date 02/02/2023
Low 57.61
Low Date 05/26/2023
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 88.02
Support 63.47
Low 55.33
Low Date 09/30/2022
High 75.77
High Date 02/02/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.26
High Date 11/16/2021
Low 55.33
Low Date 09/30/2022
Description Value
Direction Up
Chart Pattern Falling Channel
Status Valid
Resistance 69.74
Support 46.89
Low 26.29
Low Date 03/23/2020
High 104.26
High Date 11/16/2021
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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