The Greedy Trader Weekly Analysis
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SPDR Oil & Gas Equipment & Services
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Price has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was a first positive week for the SPDR Oil & Gas Equipment & Services (XES). During the week, the XES climbed 0.16 points, or 0.96%, and closed at 16.84 on Friday, August 10, 2018. Weekly volume was 108% above average.

Long-term trend: [See XES long-term trend chart]
A long-term downtrend had started on July 1, 2014 at 49.63 and reached 12.62 on January 20, 2016. XES lost 37.01 points, or 74.57%, in 81 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (13.07) 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 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 Falling Pennant chart pattern. The downtrend resistance line (14.47) 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 medium-term trend.

Weekly Technical Indicators: [See XES weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 29, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 May 22, 2018 at 19.19 and reached 16.01 on July 25, 2018. XES lost 3.18 points, or 16.57%, in 64 days. The chart has formed a Ascending Triangle chart pattern.

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

The daily MACD line is above its signal line since July 27, 2018. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (5.94%) is close to one year low (6.62%). It is 61.34% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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 price 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) 66.67
Williams' Percentage Range (W%R) 50.40
Lane's Stochastic (%D-Slow) 48.70
Greed/Fear Indicator (GFI) 54.99
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.83
Williams' Percentage Range (W%R) 48.40
Lane's Stochastic (%D-Slow) 32.75
Greed/Fear Indicator (GFI) 42.73
Moving Average Converg./Diverg. (MACD) 0.17
Trading Signals
Description Value Chart
Upper Bollinger Band 17.26
Price 16.84
Daily Stochastic Crossing 16.80
50 Day Moving Average 16.78
20 Day Moving Average 16.68
Weekly Stochastic Crossing 16.57
Quarterly Trendline Resistance 16.51
Parabolic System 16.30
Lower Bollinger Band 16.26
Quarterly Trendline Support 14.47
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
High 19.19
High Date 05/22/2018
Low 16.01
Low Date 07/25/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.88
Low Date 04/02/2018
High 19.19
High Date 05/22/2018
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
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 16.51
Support 14.47
High 24.58
High Date 12/12/2016
Low 12.90
Low Date 08/21/2017
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 7.64
Support 13.07
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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