The Greedy Trader Weekly Analysis
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Industrial Select Sector SPDR
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal linePrice has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was a second positive week after 4 consecutive negative weeks for the Industrial Select Sector SPDR (XLI). During the week, the XLI gained 2.21 points, or 3.09%, and closed at 73.62 on Friday, December 01, 2017. Weekly volume was 57% above average.

Long-term trend: [See XLI long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.14 and reached 74.66 on November 30, 2017. XLI gained -59.52 points, or -393.13%, in 455 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (57.56) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 XLI medium-term trend chart]
A medium-term uptrend had started on January 20, 2016 at 46.82 and reached 74.66 on November 30, 2017. XLI gained -27.84 points, or -59.46%, in 97 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 69.54 and resistance is at 75.27. 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 XLI weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 and Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See XLI short-term trend chart]
A short-term uptrend had started on November 17, 2017 at 70.45 and reached 74.66 on November 30, 2017. XLI gained -4.21 points, or -5.98%, in 13 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

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 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) 68.88
Williams' Percentage Range (W%R) 6.10
Strong Overbought
Lane's Stochastic (%D-Slow) 92.74
Strong Overbought
Greed/Fear Indicator (GFI) 85.19
Overbought
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.66
Williams' Percentage Range (W%R) 3.60
Strong Overbought
Lane's Stochastic (%D-Slow) 62.08
Bearish
Greed/Fear Indicator (GFI) 74.83
Moving Average Converg./Diverg. (MACD) 1.48
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 75.27
Daily Stochastic Crossing 74.38
Upper Bollinger Band 74.17
Price 73.62
Weekly Stochastic Crossing 72.74
Parabolic System 71.87
50 Day Moving Average 71.73
20 Day Moving Average 71.66
Yearly Trendline Resistance 70.27
Lower Bollinger Band 69.86
Quarterly Trendline Support 69.54
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.45
Low Date 11/17/2017
High 74.66
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.45
Low Date 11/17/2017
High 74.66
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.04
Low Date 11/15/2017
High 74.66
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 75.27
Support 69.54
Low 46.82
Low Date 01/20/2016
High 74.66
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 70.27
Support 57.56
Low 15.14
Low Date 03/06/2009
High 74.66
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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