The Greedy Trader Weekly Analysis
Sign In Apr 5, 2024
Skip Navigation Links
Share
Number of records: 0
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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.

Uptrend Support

Archive
- 3/28/2024 -
Sign In to see current Signals.

SPDR Retail (XRT) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergenceBroken trend resistance line
Daily :Williams' Percentage Range is overboughtThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a second consecutive positive week for the SPDR Retail (XRT). During the week, the XRT gained 1.77 points, or 2.29%, and closed at 78.99 on Thursday, March 28, 2024. Weekly volume was -37% below average.

Long-term trend: [See XRT long-term trend chart]
A long-term downtrend had started on November 16, 2021 at 104.26 and reached 55.33 on September 30, 2022. XRT lost 48.93 points, or 46.93%, in 45 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (57.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XRT may retest the broken resistance line. It is considered to be a support 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 resistance line 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 79.11 on March 28, 2024. XRT gained -23.78 points, or -42.98%, in 77 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (58.21) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 XRT weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish 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 above its signal line since November 17, 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 XRT short-term trend chart]
A short-term uptrend had started on January 19, 2024 at 67.57 and reached 79.11 on March 28, 2024. XRT gained -11.54 points, or -17.08%, in 69 days. Price is near the trend high.

Daily Technical Indicators: [See XRT daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since March 26, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 68.74
Williams' Percentage Range (W%R) 14.80
Overbought
Lane's Stochastic (%D-Slow) 74.46
Greed/Fear Indicator (GFI) 76.15
Moving Average Converg./Diverg. (MACD) 1.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.45
Williams' Percentage Range (W%R) 3.20
Strong Overbought
Lane's Stochastic (%D-Slow) 87.96
Overbought
Greed/Fear Indicator (GFI) 80.84
Overbought
Moving Average Converg./Diverg. (MACD) 2.67 Bearish
Trading Signals
Description Value Chart
Price 78.99
Upper Bollinger Band 78.50
Daily Stochastic Crossing 78.13
Weekly Stochastic Crossing 77.68
20 Day Moving Average 76.47
Parabolic System 75.76
Lower Bollinger Band 74.19
50 Day Moving Average 73.68
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 67.57
Low Date 01/19/2024
High 79.11
High Date 03/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.48
Low Date 10/06/2023
High 79.11
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.20
Low Date 06/01/2023
High 79.11
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 57.01
Support 58.21
Low 55.33
Low Date 09/30/2022
High 79.11
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 48.69
Support 57.28
High 104.26
High Date 11/16/2021
Low 55.33
Low Date 09/30/2022
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.