The Greedy Trader Weekly Analysis
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SPDR Oil & Gas Equipment & Services
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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR20 Day Moving Average has crossed above 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 consecutive positive week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES gained 0.83 points, or 5.31%, and closed at 16.46 on Friday, December 01, 2017. Weekly volume was 33% above average.

Long-term trend: [See XES long-term trend chart]
A long-term downtrend had started on December 12, 2016 at 24.58 and reached 12.90 on August 21, 2017. XES lost 11.68 points, or 47.52%, in 36 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (15.26) 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 long-term trend.

Medium-term trend: [See XES medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 12.90 and reached 16.73 on November 9, 2017. XES gained -3.83 points, or -29.69%, in 11 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 15.18 and resistance is at 16.73. 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 medium-term trend.

Weekly Technical Indicators: [See XES 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 XES short-term trend chart]
A short-term uptrend had started on November 15, 2017 at 14.90 and reached 16.46 on December 1, 2017. XES gained -1.56 points, or -10.47%, in 16 days. Price is near the trend high.

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

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 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.

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 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) 48.44
Williams' Percentage Range (W%R) 36.10
Lane's Stochastic (%D-Slow) 63.43
Greed/Fear Indicator (GFI) 58.60
Moving Average Converg./Diverg. (MACD) 0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.53
Williams' Percentage Range (W%R) 17.20
Overbought
Lane's Stochastic (%D-Slow) 63.30
Greed/Fear Indicator (GFI) 68.17
Moving Average Converg./Diverg. (MACD) -0.62
Trading Signals
Description Value Chart
Monthly Trendline Resistance 16.73
Upper Bollinger Band 16.70
Price 16.46
Quarterly Trendline Resistance 16.22
Daily Stochastic Crossing 16.10
Weekly Stochastic Crossing 15.85
20 Day Moving Average 15.83
50 Day Moving Average 15.77
Quarterly Trendline Support 15.26
Monthly Trendline Support 15.18
Parabolic System 14.95
Lower Bollinger Band 14.68
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 15.25
Low Date 11/28/2017
High 16.46
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.90
Low Date 11/15/2017
High 16.46
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Valid
Resistance 16.73
Support 15.18
Low 12.90
Low Date 08/21/2017
High 16.73
High Date 11/09/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 16.22
Support 15.26
High 24.58
High Date 12/12/2016
Low 12.90
Low Date 08/21/2017
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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