The Greedy Trader Weekly Analysis
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SPDR Oil & Gas Equipment & Services
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Summary:
Weekly :Broken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was the negative week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES dropped -0.22 points, or -1.60%, and closed at 13.52 on Friday, November 09, 2018. Weekly volume was 58% above average.

Long-term trend: [See XES long-term trend chart]
A long-term uptrend had started on August 21, 2017 at 12.90 and reached 19.29 on January 16, 2018. XES gained -6.39 points, or -49.53%, in 21 weeks. The price is now at the 90.30% retracement level.

Medium-term trend: [See XES medium-term trend chart]
A medium-term downtrend had started on May 22, 2018 at 19.19 and reached 13.05 on October 30, 2018. XES lost 6.14 points, or 32.00%, in 23 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (30.02) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 XES 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 June 29, 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 XES short-term trend chart]
A short-term downtrend had started on October 9, 2018 at 17.65 and reached 13.05 on October 30, 2018. XES lost 4.60 points, or 26.06%, in 21 days. The price is now at the 10.22% retracement level.

Daily Technical Indicators: [See XES 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 MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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) 31.10
Williams' Percentage Range (W%R) 85.10
Oversold
Lane's Stochastic (%D-Slow) 63.68
Greed/Fear Indicator (GFI) 36.57
Moving Average Converg./Diverg. (MACD) -0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.59
Williams' Percentage Range (W%R) 89.40
Oversold
Lane's Stochastic (%D-Slow) 27.29
Greed/Fear Indicator (GFI) 26.86
Moving Average Converg./Diverg. (MACD) -0.18
Trading Signals
Description Value Chart
Upper Bollinger Band 16.35
50 Day Moving Average 15.56
Parabolic System 14.42
20 Day Moving Average 14.37
Daily Stochastic Crossing 13.95
Weekly Stochastic Crossing 13.88
Price 13.52
Lower Bollinger Band 12.49
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 17.65
High Date 10/09/2018
Low 13.05
Low Date 10/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 40.08
Support 30.02
High 19.19
High Date 05/22/2018
Low 13.05
Low Date 10/30/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.29
High Date 01/16/2018
Low 13.05
Low Date 10/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.90
Low Date 08/21/2017
High 19.29
High Date 01/16/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.63
High Date 07/01/2014
Low 12.62
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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