The Greedy Trader Weekly Analysis
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LyondellBasell
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Summary:
Weekly :Oversold sectorLane's Stochastic is oversold
Daily :Lane's Stochastic is strongly overbought20 Day Moving Average has crossed below the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the LyondellBasell (LYB). During the week, the LYB gained 2.96 points, or 3.18%, and closed at 96.06 on Friday, November 09, 2018. Weekly volume was 34% above average.

LYB is a member of Basic Materials Sector. Basic Materials is the most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See LYB long-term trend chart]
A long-term downtrend had started on January 29, 2018 at 121.95 and reached 85.60 on October 30, 2018. LYB lost 36.35 points, or 29.81%, in 39 weeks. The price is now at the 28.78% retracement level.

Medium-term trend: [See LYB medium-term trend chart]
A medium-term downtrend had started on August 27, 2018 at 116.63 and reached 85.60 on October 30, 2018. LYB lost 31.03 points, or 26.61%, in 9 weeks. The price is now at the 33.71% retracement level.

Weekly Technical Indicators: [See LYB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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.

The weekly MACD line is below its signal line since August 31, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See LYB short-term trend chart]
A short-term uptrend had started on October 30, 2018 at 85.60 and reached 96.94 on November 7, 2018. LYB gained -11.34 points, or -13.25%, in 8 days. The price is now at the 7.76% retracement level.

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

The daily MACD line is above its signal line since October 31, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 61.44
Williams' Percentage Range (W%R) 24.30
Lane's Stochastic (%D-Slow) 94.80
Strong Overbought
Greed/Fear Indicator (GFI) 77.32
Moving Average Converg./Diverg. (MACD) -2.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.64
Williams' Percentage Range (W%R) 68.80
Lane's Stochastic (%D-Slow) 13.78
Oversold
Greed/Fear Indicator (GFI) 27.78
Moving Average Converg./Diverg. (MACD) -1.74
Trading Signals
Description Value Chart
Upper Bollinger Band 101.36
50 Day Moving Average 99.96
Daily Stochastic Crossing 96.59
Price 96.06
20 Day Moving Average 92.81
Parabolic System 90.72
Weekly Stochastic Crossing 88.82
Lower Bollinger Band 87.98
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Specialty Chemicals 130
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 85.60
Low Date 10/30/2018
High 96.94
High Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.60
Low Date 10/30/2018
High 96.94
High Date 11/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 116.63
High Date 08/27/2018
Low 85.60
Low Date 10/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.39
High Date 05/24/2018
Low 85.60
Low Date 10/30/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 121.95
High Date 01/29/2018
Low 85.60
Low Date 10/30/2018
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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