The Greedy Trader Weekly Analysis
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Number of records: 6
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Archive
- 7/6/2018
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Materials Select Sector SPDR
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Summary:
Weekly :Broken trend support line
Daily :Trend support at 58.43The price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week after 3 consecutive negative weeks for the Materials Select Sector SPDR (XLB). During the week, the XLB climbed 0.38 points, or 0.65%, and closed at 58.45 on Friday, July 06, 2018. XLB was trading at average weekly trading volume.

Long-term trend: [See XLB long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 17.83 and reached 64.17 on January 26, 2018. XLB gained -46.34 points, or -259.90%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 44.41 and resistance is at 60.77. 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 XLB medium-term trend chart]
A medium-term uptrend had started on January 20, 2016 at 36.29 and reached 64.17 on January 26, 2018. XLB gained -27.88 points, or -76.83%, in 105 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (64.35) 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 XLB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 15, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See XLB short-term trend chart]
A short-term uptrend had started on April 2, 2018 at 55.21 and reached 61.21 on June 12, 2018. XLB gained -6.00 points, or -10.87%, in 71 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (58.43) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

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

The daily MACD line is below its signal line since June 14, 2018. The distance between MACD and the signal line is low and getting smaller.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.93
Williams' Percentage Range (W%R) 77.40
Lane's Stochastic (%D-Slow) 52.58
Greed/Fear Indicator (GFI) 38.04
Moving Average Converg./Diverg. (MACD) -0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.27
Williams' Percentage Range (W%R) 56.40
Lane's Stochastic (%D-Slow) 59.76
Greed/Fear Indicator (GFI) 51.72
Moving Average Converg./Diverg. (MACD) 0.18
Trading Signals
Description Value Chart
Quarterly Trendline Support 64.35
Weekly Trendline Resistance 61.64
Upper Bollinger Band 60.95
Yearly Trendline Resistance 60.77
Weekly Stochastic Crossing 59.29
20 Day Moving Average 58.84
50 Day Moving Average 58.80
Price 58.45
Weekly Trendline Support 58.43
Daily Stochastic Crossing 58.06
Parabolic System 57.52
Lower Bollinger Band 56.08
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
High 61.21
High Date 06/12/2018
Low 57.14
Low Date 06/25/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 61.64
Support 58.43
Low 55.21
Low Date 04/02/2018
High 61.21
High Date 06/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.17
High Date 01/26/2018
Low 55.21
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 71.53
Support 64.35
Low 36.29
Low Date 01/20/2016
High 64.17
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 60.77
Support 44.41
Low 17.83
Low Date 03/06/2009
High 64.17
High Date 01/26/2018
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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