The Greedy Trader Weekly Analysis
Sign In May 18, 2018
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SPDR Oil & Gas Equipment & Services
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price touches the upper Bollinger Band
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 gained 0.80 points, or 4.68%, and closed at 17.91 on Friday, May 11, 2018. Weekly volume was 53% 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 (13.03) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XES may retest the broken resistance line. It is considered to be a support line now. 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 January 16, 2018 at 19.29 and reached 13.88 on April 2, 2018. XES lost 5.41 points, or 28.05%, in 10 weeks. The price is now at the 74.49% retracement level.

Weekly Technical Indicators: [See XES weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since April 20, 2018. 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 April 2, 2018 at 13.88 and reached 18.31 on May 9, 2018. XES gained -4.43 points, or -31.92%, in 37 days. The price is now at the 9.03% retracement level.

Daily Technical Indicators: [See XES daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

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.

The price touches the upper Bollinger Band. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.87
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 76.91
Greed/Fear Indicator (GFI) 77.87
Moving Average Converg./Diverg. (MACD) 0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.39
Williams' Percentage Range (W%R) 23.10
Lane's Stochastic (%D-Slow) 86.11
Overbought
Greed/Fear Indicator (GFI) 73.86
Moving Average Converg./Diverg. (MACD) -0.10
Trading Signals
Description Value Chart
Daily Stochastic Crossing 18.01
Weekly Stochastic Crossing 17.95
Upper Bollinger Band 17.92
Price 17.91
20 Day Moving Average 17.13
Parabolic System 16.85
Lower Bollinger Band 16.14
50 Day Moving Average 15.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 13.88
Low Date 04/02/2018
High 18.31
High Date 05/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.29
High Date 01/16/2018
Low 13.88
Low Date 04/02/2018
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 DownTrend
Status
Resistance
Support
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 10.19
Support 13.03
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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