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

Archive
- 4/25/2025 -
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SPDR Homebuilders (XHB) Technical Analysis

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Summary:
Weekly :Stochastic signal line moved above oversold areaTrend support at 89.77Trend resistance at 93.60
Daily :Daily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 6 consecutive negative weeks for the SPDR Homebuilders (XHB). During the week, the XHB gained 2.76 points, or 3.04%, and closed at 93.61 on Friday, April 25, 2025. It was the best weekly gain since January 17, 2025. Weekly volume was -19% below average.

Long-term trend: [See XHB long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 51.23 and reached 126.10 on November 25, 2024. XHB gained -74.87 points, or -146.14%, in 127 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (89.77) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See XHB medium-term trend chart]
A medium-term downtrend had started on January 27, 2025 at 113.50 and reached 84.48 on April 9, 2025. XHB lost 29.02 points, or 25.57%, in 10 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (93.60). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See XHB weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See XHB short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 84.48 and reached 95.91 on April 23, 2025. XHB gained -11.43 points, or -13.53%, in 14 days. The price is now at the 20.12% retracement level.

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

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 moved above 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) 51.21
Williams' Percentage Range (W%R) 35.70
Lane's Stochastic (%D-Slow) 65.27
Greed/Fear Indicator (GFI) 60.25
Moving Average Converg./Diverg. (MACD) -2.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.14
Williams' Percentage Range (W%R) 76.60
Lane's Stochastic (%D-Slow) 23.02
Greed/Fear Indicator (GFI) 29.53
Moving Average Converg./Diverg. (MACD) -3.45
Trading Signals
Description Value Chart
Upper Bollinger Band 99.14
50 Day Moving Average 97.32
Price 93.61
Weekly Trendline Resistance 93.60
Daily Stochastic Crossing 93.57
20 Day Moving Average 92.47
Quarterly Trendline Support 89.77
Weekly Stochastic Crossing 89.01
Parabolic System 87.29
Lower Bollinger Band 87.25
Weekly Trendline Support 78.29
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.48
Low Date 04/09/2025
High 95.91
High Date 04/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 93.60
Support 78.29
High 113.50
High Date 01/27/2025
Low 84.48
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 126.10
High Date 11/25/2024
Low 84.48
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 137.80
Support 89.77
Low 51.23
Low Date 06/17/2022
High 126.10
High Date 11/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 8.00
Low Date 03/09/2009
High 126.10
High Date 11/25/2024
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.