The Greedy Trader Weekly Analysis
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Materials Select Sector SPDR
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Summary:
Weekly :Lane's Stochastic is oversold
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overbought
Move cursor over the icon to see details.

It was a second positive week after 5 consecutive negative weeks for the Materials Select Sector SPDR (XLB). During the week, the XLB gained 1.02 points, or 1.89%, and closed at 54.98 on Friday, November 09, 2018. Weekly volume was 14% above average.

Long-term trend: [See XLB long-term trend chart]
A long-term downtrend had started on January 26, 2018 at 64.17 and reached 50.10 on October 26, 2018. XLB lost 14.07 points, or 21.93%, in 39 weeks. The price is now at the 34.68% retracement level.

Medium-term trend: [See XLB medium-term trend chart]
A medium-term downtrend had started on June 12, 2018 at 61.21 and reached 50.10 on October 26, 2018. XLB lost 11.11 points, or 18.15%, in 19 weeks. The price is now at the 43.92% retracement level.

Weekly Technical Indicators: [See XLB 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 September 28, 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 XLB short-term trend chart]
A short-term downtrend had started on September 20, 2018 at 61.16 and reached 50.10 on October 26, 2018. XLB lost 11.06 points, or 18.08%, in 36 days. The price is now at the 44.12% retracement level.

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

The daily MACD line is above its signal line since October 30, 2018. The distance between MACD and the signal line is near its high and getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.76
Williams' Percentage Range (W%R) 10.10
Overbought
Lane's Stochastic (%D-Slow) 92.76
Strong Overbought
Greed/Fear Indicator (GFI) 81.47
Overbought
Moving Average Converg./Diverg. (MACD) -0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.56
Williams' Percentage Range (W%R) 51.80
Lane's Stochastic (%D-Slow) 17.09
Oversold
Greed/Fear Indicator (GFI) 36.75
Moving Average Converg./Diverg. (MACD) -0.60
Trading Signals
Description Value Chart
Upper Bollinger Band 57.49
50 Day Moving Average 56.37
Daily Stochastic Crossing 55.79
Price 54.98
Parabolic System 53.61
20 Day Moving Average 53.26
Weekly Stochastic Crossing 52.33
Lower Bollinger Band 51.05
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 61.16
High Date 09/20/2018
Low 50.10
Low Date 10/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.21
High Date 06/12/2018
Low 50.10
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 64.17
High Date 01/26/2018
Low 50.10
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.29
Low Date 01/20/2016
High 64.17
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.83
Low Date 03/06/2009
High 64.17
High Date 01/26/2018
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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