The Greedy Trader Weekly Analysis
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Archive
- 7/6/2018
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Industrial Select Sector SPDR
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Summary:
Weekly :Williams' Percentage Range is oversoldTrend resistance at 73.10
Daily :Broken trend resistance lineWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the Industrial Select Sector SPDR (XLI). During the week, the XLI climbed 0.51 points, or 0.71%, and closed at 72.16 on Friday, July 06, 2018. Weekly volume was -10% below average.

Long-term trend: [See XLI long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.14 and reached 80.96 on January 29, 2018. XLI gained -65.82 points, or -434.74%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (73.10). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See XLI medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 80.96 and reached 70.03 on May 3, 2018. XLI lost 10.93 points, or 13.50%, in 13 weeks. The price is now at the 19.49% retracement level.

Weekly Technical Indicators: [See XLI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since February 16, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See XLI short-term trend chart]
A short-term downtrend had started on June 11, 2018 at 76.82 and reached 70.82 on June 28, 2018. XLI lost 6.00 points, or 7.81%, in 17 days. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (71.00) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since June 14, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 25.74
Williams' Percentage Range (W%R) 82.80
Oversold
Lane's Stochastic (%D-Slow) 40.67
Greed/Fear Indicator (GFI) 27.86
Moving Average Converg./Diverg. (MACD) -0.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.11
Williams' Percentage Range (W%R) 80.30
Oversold
Lane's Stochastic (%D-Slow) 55.99
Greed/Fear Indicator (GFI) 41.34
Moving Average Converg./Diverg. (MACD) 0.37
Trading Signals
Description Value Chart
Upper Bollinger Band 76.76
50 Day Moving Average 73.96
Weekly Stochastic Crossing 73.80
20 Day Moving Average 73.40
Yearly Trendline Resistance 73.10
Price 72.16
Daily Stochastic Crossing 71.79
Weekly Trendline Resistance 71.18
Weekly Trendline Support 71.00
Parabolic System 70.75
Lower Bollinger Band 69.15
Yearly Trendline Support 60.40
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.89
Low Date 07/02/2018
High 72.40
High Date 07/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 71.18
Support 71.00
High 76.82
High Date 06/11/2018
Low 70.82
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.96
High Date 01/29/2018
Low 70.03
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.82
Low Date 01/20/2016
High 80.96
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 73.10
Support 60.40
Low 15.14
Low Date 03/06/2009
High 80.96
High Date 01/29/2018
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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