The Greedy Trader Weekly Analysis
Sign In Oct 12, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 6
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Archive
- 10/5/2018
Sign In to see current Signals.
Energy Select Sector SPDR
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergenceA Parabolic SAR indicator is below and near the price20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the Energy Select Sector SPDR (XLE). During the week, the XLE gained 1.39 points, or 1.83%, and closed at 77.15 on Friday, October 05, 2018. Weekly volume was -9% below average.

Long-term trend: [See XLE long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 49.93 and reached 79.42 on May 22, 2018. XLE gained -29.49 points, or -59.06%, in 121 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 69.46 and resistance is at 79.22. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a long-term trend.

Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 61.80 and reached 79.42 on May 22, 2018. XLE gained -17.62 points, or -28.51%, in 39 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 66.75 and resistance is at 81.99. 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 medium-term trend.

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

The weekly MACD line is below its signal line since July 27, 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 XLE short-term trend chart]
A short-term uptrend had started on September 7, 2018 at 71.78 and reached 77.72 on October 3, 2018. XLE gained -5.94 points, or -8.28%, in 26 days. The price is now at the 9.60% retracement level.

Daily Technical Indicators: [See XLE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and 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 daily MACD line is above its signal line since September 13, 2018. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (77.8) comes close to the price (77.15). It indicates that the trend is getting weaker. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 75.70
Williams' Percentage Range (W%R) 12.10
Overbought
Lane's Stochastic (%D-Slow) 83.82
Overbought Bearish
Greed/Fear Indicator (GFI) 82.48
Overbought
Moving Average Converg./Diverg. (MACD) 0.52 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.76
Williams' Percentage Range (W%R) 30.20
Lane's Stochastic (%D-Slow) 56.63
Greed/Fear Indicator (GFI) 59.58
Moving Average Converg./Diverg. (MACD) 0.95
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 81.99
Yearly Trendline Resistance 79.22
Upper Bollinger Band 78.50
Parabolic System 77.80
Daily Stochastic Crossing 77.35
Price 77.15
Monthly Trendline Resistance 75.48
Weekly Stochastic Crossing 75.48
20 Day Moving Average 75.44
50 Day Moving Average 74.96
Lower Bollinger Band 73.13
Monthly Trendline Support 70.12
Yearly Trendline Support 69.46
Quarterly Trendline Support 66.75
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 71.78
Low Date 09/07/2018
High 77.72
High Date 10/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.70
Low Date 08/15/2018
High 77.72
High Date 10/03/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 75.48
Support 70.12
High 79.42
High Date 05/22/2018
Low 71.70
Low Date 08/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 81.99
Support 66.75
Low 61.80
Low Date 08/21/2017
High 79.42
High Date 05/22/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Valid
Resistance 79.22
Support 69.46
Low 49.93
Low Date 01/20/2016
High 79.42
High Date 05/22/2018
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.

Copyright© 2004-2016 All rights reserved.