The Greedy Trader Weekly Analysis
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Archive
- 12/8/2017
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Energy Select Sector SPDR
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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :The price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the Energy Select Sector SPDR (XLE). During the week, the XLE gave back -0.37 points, or -0.53%, and closed at 69.31 on Friday, December 08, 2017. Weekly volume was -18% below average.

Long-term trend: [See XLE long-term trend chart]
A long-term downtrend had started on December 12, 2016 at 78.45 and reached 61.80 on August 21, 2017. XLE lost 16.65 points, or 21.22%, in 36 weeks. The price is now at the 45.11% retracement level.

Medium-term trend: [See XLE medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 61.80 and reached 70.75 on December 4, 2017. XLE gained -8.95 points, or -14.48%, in 15 weeks. The price is now at the 16.09% retracement level.

Weekly Technical Indicators: [See XLE weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since September 8, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See XLE short-term trend chart]
A short-term downtrend had started on December 4, 2017 at 70.75 and reached 66.69 on December 8, 2017. XLE lost 4.06 points, or 5.74%, in 4 days. The price is now at the 64.53% retracement level.

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

The daily MACD line is above its signal line since November 30, 2017. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.56
Williams' Percentage Range (W%R) 43.10
Lane's Stochastic (%D-Slow) 55.61
Greed/Fear Indicator (GFI) 59.36
Moving Average Converg./Diverg. (MACD) 0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.43
Williams' Percentage Range (W%R) 19.50
Overbought
Lane's Stochastic (%D-Slow) 59.04
Greed/Fear Indicator (GFI) 65.39
Moving Average Converg./Diverg. (MACD) -0.02
Trading Signals
Description Value Chart
Parabolic System 70.82
Upper Bollinger Band 70.36
Price 69.31
Daily Stochastic Crossing 68.80
Weekly Stochastic Crossing 68.56
50 Day Moving Average 68.32
20 Day Moving Average 68.32
Lower Bollinger Band 66.73
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 70.75
High Date 12/04/2017
Low 66.69
Low Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.75
High Date 12/04/2017
Low 66.69
Low Date 12/08/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.80
Low Date 08/21/2017
High 70.75
High Date 12/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.45
High Date 12/12/2016
Low 61.80
Low Date 08/21/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 101.52
High Date 06/23/2014
Low 49.93
Low Date 01/20/2016
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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