The Greedy Trader Weekly Analysis
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Materials Select Sector SPDR
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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 59.17
Daily :Williams' Percentage Range is overboughtThe price has fallen below the Parabolic SARDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a third consecutive positive week for the Materials Select Sector SPDR (XLB). During the week, the XLB climbed 0.27 points, or 0.46%, and closed at 59.08 on Friday, December 01, 2017. Weekly volume was 29% above average.

Long-term trend: [See XLB long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 17.83 and reached 59.97 on November 30, 2017. XLB gained -42.14 points, or -236.34%, in 455 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (59.17). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See XLB medium-term trend chart]
A medium-term uptrend had started on January 20, 2016 at 36.29 and reached 59.97 on November 30, 2017. XLB gained -23.68 points, or -65.25%, in 97 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 54.14 and resistance is at 59.97. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 15, 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 XLB short-term trend chart]
A short-term uptrend had started on November 15, 2017 at 57.26 and reached 59.97 on November 30, 2017. XLB gained -2.71 points, or -4.73%, in 15 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See XLB 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.

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) 60.43
Williams' Percentage Range (W%R) 11.10
Overbought
Lane's Stochastic (%D-Slow) 79.23
Greed/Fear Indicator (GFI) 76.20
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.96
Overbought
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 75.82
Bearish
Greed/Fear Indicator (GFI) 78.20
Moving Average Converg./Diverg. (MACD) 1.41 Bearish
Trading Signals
Description Value Chart
Parabolic System 60.03
Quarterly Trendline Resistance 59.97
Daily Stochastic Crossing 59.69
Upper Bollinger Band 59.61
Weekly Stochastic Crossing 59.23
Yearly Trendline Resistance 59.17
Price 59.08
20 Day Moving Average 58.57
50 Day Moving Average 58.24
Monthly Trendline Resistance 58.18
Lower Bollinger Band 57.75
Monthly Trendline Support 57.43
Quarterly Trendline Support 54.14
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 57.26
Low Date 11/15/2017
High 59.97
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.41
Low Date 08/11/2017
High 59.97
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 58.18
Support 57.43
Low 45.56
Low Date 10/13/2016
High 59.97
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 59.97
Support 54.14
Low 36.29
Low Date 01/20/2016
High 59.97
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 59.17
Support 42.81
Low 17.83
Low Date 03/06/2009
High 59.97
High Date 11/30/2017
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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