The Greedy Trader Weekly Analysis
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Archive
- 7/13/2018
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SPDR Homebuilders
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Summary:
Weekly :
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the SPDR Homebuilders (XHB). During the week, the XHB gained 0.48 points, or 1.19%, and closed at 40.72 on Friday, July 13, 2018. Weekly volume was -13% below average.

Long-term trend: [See XHB long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 8.00 and reached 47.20 on January 24, 2018. XHB gained -39.20 points, or -490%, in 463 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 36.31 and resistance is at 49.72. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See XHB medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 27.72 and reached 47.20 on January 24, 2018. XHB gained -19.48 points, or -70.27%, in 101 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 38.25 and resistance is at 50.68. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See XHB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 2, 2018. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See XHB short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 38.75 and reached 40.97 on July 10, 2018. XHB gained -2.22 points, or -5.73%, in 12 days. The price is now at the 11.26% retracement level.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.98
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 82.98
Overbought
Greed/Fear Indicator (GFI) 73.40
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.42
Williams' Percentage Range (W%R) 58.90
Lane's Stochastic (%D-Slow) 53.54
Greed/Fear Indicator (GFI) 48.02
Moving Average Converg./Diverg. (MACD) -0.35
Trading Signals
Description Value Chart
Upper Bollinger Band 41.27
Price 40.72
Daily Stochastic Crossing 40.70
Weekly Stochastic Crossing 40.19
20 Day Moving Average 40.09
50 Day Moving Average 39.96
Parabolic System 39.84
Lower Bollinger Band 39.14
Quarterly Trendline Support 38.25
Yearly Trendline Support 36.31
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 38.75
Low Date 06/28/2018
High 40.97
High Date 07/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.57
Low Date 05/16/2018
High 41.90
High Date 06/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.20
High Date 01/24/2018
Low 38.57
Low Date 05/16/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 50.68
Support 38.25
Low 27.72
Low Date 02/11/2016
High 47.20
High Date 01/24/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 49.72
Support 36.31
Low 8.00
Low Date 03/09/2009
High 47.20
High Date 01/24/2018
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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