The Greedy Trader Weekly Analysis
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Number of records: 15
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Financial Select Sector SPDR
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Daily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the priceThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

During the week, the XLF has not change and closed at 28.33 on Friday, September 07, 2018. Weekly volume was -31% below average.

Long-term trend: [See XLF long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 5.88 and reached 30.33 on January 29, 2018. XLF gained -24.45 points, or -415.82%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 24.24 and resistance is at 31.83. 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 long-term trend.

Medium-term trend: [See XLF medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 18.52 and reached 30.33 on January 29, 2018. XLF gained -11.81 points, or -63.77%, in 127 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 19.69 and resistance is at 31.81. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See XLF weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since August 3, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See XLF short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 26.31 and reached 28.72 on August 27, 2018. XLF gained -2.41 points, or -9.16%, in 60 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 28.24 and resistance is at 28.81. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See XLF daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (28.1) comes close to the price (28.33). It indicates that the trend is getting weaker. 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 is close to the moving average in the center of the Bollinger Bands. 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) 55.26
Williams' Percentage Range (W%R) 27.00
Lane's Stochastic (%D-Slow) 44.66
Greed/Fear Indicator (GFI) 57.63
Moving Average Converg./Diverg. (MACD) 0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.05
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 85.17
Overbought
Greed/Fear Indicator (GFI) 75.10
Moving Average Converg./Diverg. (MACD) 0.10
Trading Signals
Description Value Chart
Yearly Trendline Resistance 31.83
Quarterly Trendline Resistance 31.81
Weekly Trendline Resistance 28.81
Upper Bollinger Band 28.78
Daily Stochastic Crossing 28.43
Weekly Stochastic Crossing 28.38
Price 28.33
20 Day Moving Average 28.25
Weekly Trendline Support 28.24
Parabolic System 28.10
50 Day Moving Average 27.84
Lower Bollinger Band 27.77
Monthly Trendline Resistance 26.76
Monthly Trendline Support 26.12
Yearly Trendline Support 24.24
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 28.72
High Date 08/27/2018
Low 28.17
Low Date 08/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 28.81
Support 28.24
Low 26.31
Low Date 06/28/2018
High 28.72
High Date 08/27/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 26.76
Support 26.12
High 30.33
High Date 01/29/2018
Low 26.31
Low Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 31.81
Support 19.69
Low 18.52
Low Date 08/24/2015
High 30.33
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 31.83
Support 24.24
Low 5.88
Low Date 03/06/2009
High 30.33
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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