The Greedy Trader Weekly Analysis
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Industrial Select Sector SPDR
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Summary:
Weekly :Broken trend resistance line
Daily :MACD bearish divergenceBroken trend resistance 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 Industrial Select Sector SPDR (XLI). During the week, the XLI gained 1.18 points, or 1.57%, and closed at 76.44 on Friday, June 08, 2018. Weekly volume was -26% below 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 80.96 on January 29, 2018. XLI gained -65.82 points, or -434.74%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (60.04) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 downtrend had started on January 29, 2018 at 80.96 and reached 70.03 on May 3, 2018. XLI lost 10.93 points, or 13.50%, in 13 weeks. The price is now at the 58.65% retracement level.

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

The weekly MACD line is below its signal line since February 16, 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 XLI short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 70.03 and reached 76.81 on May 21, 2018. XLI gained -6.78 points, or -9.68%, in 18 days. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (74.40) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily 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.

The daily MACD line is above its signal line since June 5, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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) 56.74
Williams' Percentage Range (W%R) 26.10
Lane's Stochastic (%D-Slow) 77.63
Greed/Fear Indicator (GFI) 69.43
Moving Average Converg./Diverg. (MACD) 0.36 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.77
Williams' Percentage Range (W%R) 44.60
Lane's Stochastic (%D-Slow) 67.48
Greed/Fear Indicator (GFI) 57.69
Moving Average Converg./Diverg. (MACD) 0.63
Trading Signals
Description Value Chart
Upper Bollinger Band 76.47
Price 76.44
Daily Stochastic Crossing 76.24
20 Day Moving Average 75.30
Weekly Stochastic Crossing 75.09
Weekly Trendline Support 74.40
50 Day Moving Average 74.33
Weekly Trendline Resistance 74.12
Parabolic System 74.06
Lower Bollinger Band 73.90
Yearly Trendline Resistance 72.74
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 74.13
Low Date 05/29/2018
High 76.54
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 74.12
Support 74.40
Low 70.03
Low Date 05/03/2018
High 76.81
High Date 05/21/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.96
High Date 01/29/2018
Low 70.03
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.82
Low Date 01/20/2016
High 80.96
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 72.74
Support 60.04
Low 15.14
Low Date 03/06/2009
High 80.96
High Date 01/29/2018
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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