The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support 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. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

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- 3/15/2024 -
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Xylem Inc. (XYL) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe period of low volatility of the stock price
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It was a first positive week for the Xylem Inc. (XYL). During the week, the XYL climbed 0.19 points, or 0.15%, and closed at 127.27 on Friday, March 15, 2024. Weekly volume was -36% below average.

XYL is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See XYL long-term trend chart]
A long-term downtrend had started on September 2, 2021 at 138.78 and reached 72.08 on June 16, 2022. XYL lost 66.70 points, or 48.06%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (91.83) is broken. A broken support is considered to be a long-term bullish signal. 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 XYL medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 87.59 and reached 128.58 on March 4, 2024. XYL gained -40.99 points, or -46.80%, in 18 weeks. Price is near the trend high.

Weekly Technical Indicators: [See XYL weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are 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 and Lane's Stochastic. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, 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 November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See XYL short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 128.53 and reached 126.18 on March 15, 2024. XYL lost 2.35 points, or 1.83%, in 2 days. The price is now at the 46.38% retracement level.

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

The daily MACD line is below its signal line since March 4, 2024. This is an indication that the short-term trend is down.

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.

The distance between the Bollinger Bands is falling, and it was 4.46% on Friday. It is 56.03% lower than one year average. It indicates the period of low volatility of the stock price. 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) 58.30
Williams' Percentage Range (W%R) 28.00
Lane's Stochastic (%D-Slow) 68.83
Greed/Fear Indicator (GFI) 66.38
Moving Average Converg./Diverg. (MACD) 2.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.15
Overbought Bearish
Williams' Percentage Range (W%R) 4.30
Strong Overbought
Lane's Stochastic (%D-Slow) 93.86
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 84.35
Overbought
Moving Average Converg./Diverg. (MACD) 4.45 Bearish
Trading Signals
Description Value Chart
Parabolic System 128.46
Upper Bollinger Band 128.44
Daily Stochastic Crossing 127.90
Weekly Stochastic Crossing 127.43
Price 127.27
20 Day Moving Average 126.32
Lower Bollinger Band 122.78
50 Day Moving Average 119.75
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Industrial Machinery 105
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 128.53
High Date 03/13/2024
Low 126.18
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.39
Low Date 01/17/2024
High 128.58
High Date 03/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 87.59
Low Date 10/30/2023
High 128.58
High Date 03/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 72.08
Low Date 06/16/2022
High 128.58
High Date 03/04/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 101.25
Support 91.83
High 138.78
High Date 09/02/2021
Low 72.08
Low Date 06/16/2022
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.