The Greedy Trader Weekly Analysis
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Industrial Select Sector SPDR
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceThe price is above the upper Bollinger Band
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It was a fifth consecutive positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gained 1.48 points, or 1.91%, and closed at 79.07 on Friday, September 14, 2018. It was the best weekly gain since July 27, 2018. Weekly volume was -21% 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 (61.34) 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 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 chart has formed a Falling Pennant chart pattern. The downtrend resistance line (71.91) 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. XLI 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 medium-term trend.

Weekly Technical Indicators: [See XLI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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.

The weekly MACD line is above its signal line since July 27, 2018. 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 June 28, 2018 at 70.82 and reached 79.13 on September 14, 2018. XLI gained -8.31 points, or -11.73%, in 78 days. Price is near the trend high.

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

The daily MACD line is above its signal line since September 4, 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 77.01
Williams' Percentage Range (W%R) 12.20
Overbought
Lane's Stochastic (%D-Slow) 85.93
Overbought
Greed/Fear Indicator (GFI) 83.58
Overbought
Moving Average Converg./Diverg. (MACD) 0.67 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.33
Williams' Percentage Range (W%R) 4.70
Strong Overbought
Lane's Stochastic (%D-Slow) 88.39
Overbought
Greed/Fear Indicator (GFI) 81.43
Overbought
Moving Average Converg./Diverg. (MACD) 0.40
Trading Signals
Description Value Chart
Price 79.07
Upper Bollinger Band 78.83
Daily Stochastic Crossing 78.82
Weekly Stochastic Crossing 78.76
20 Day Moving Average 77.45
Parabolic System 77.38
Lower Bollinger Band 75.98
50 Day Moving Average 75.88
Yearly Trendline Resistance 74.04
Monthly Trendline Resistance 73.81
Monthly Trendline Support 71.91
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.82
Low Date 06/28/2018
High 79.13
High Date 09/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.03
Low Date 05/03/2018
High 79.13
High Date 09/14/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 73.81
Support 71.91
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 74.04
Support 61.34
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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