The Greedy Trader Weekly Analysis
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Uptrend Broken Support
Uptrend Broken 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 Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend 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 support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.
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Industrial Select Sector SPDR (XLI)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic bearish divergenceA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was a third consecutive positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI climbed 0.68 points, or 0.64%, and closed at 106.49 on Friday, January 7, 2022. Weekly volume was -27% 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 107.88 on January 5, 2022. XLI gained -92.74 points, or -612.55%, in 669 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (77.15) 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 uptrend had started on March 23, 2020 at 47.71 and reached 107.88 on January 5, 2022. XLI gained -60.17 points, or -126.12%, in 93 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 102.95 and resistance is at 107.37. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See XLI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 26, 2021. The distance between MACD and the signal line is low and getting smaller. 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 December 20, 2021 at 99.57 and reached 107.88 on January 5, 2022. XLI gained -8.31 points, or -8.35%, in 16 days. The price is now at the 16.73% retracement level.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since December 23, 2021. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (106.28) comes close to the price (106.49). 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.14
Williams' Percentage Range (W%R) 16.00
Overbought
Lane's Stochastic (%D-Slow) 71.18
Bearish
Greed/Fear Indicator (GFI) 73.77
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.79
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 63.27
Greed/Fear Indicator (GFI) 69.14
Moving Average Converg./Diverg. (MACD) 1.43
Trading Signals
Description Value Chart
Upper Bollinger Band 108.32
Quarterly Trendline Resistance 107.37
Daily Stochastic Crossing 106.86
Price 106.49
Parabolic System 106.28
50 Day Moving Average 104.83
Weekly Stochastic Crossing 104.71
20 Day Moving Average 104.56
Monthly Trendline Resistance 103.06
Quarterly Trendline Support 102.95
Lower Bollinger Band 101.76
Monthly Trendline Support 100.20
Yearly Trendline Resistance 92.52
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 99.57
Low Date 12/20/2021
High 107.88
High Date 01/05/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 99.33
Low Date 12/01/2021
High 107.88
High Date 01/05/2022
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 103.06
Support 100.20
Low 97.48
Low Date 10/01/2021
High 107.88
High Date 01/05/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 107.37
Support 102.95
Low 47.71
Low Date 03/23/2020
High 107.88
High Date 01/05/2022
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 92.52
Support 77.15
Low 15.14
Low Date 03/06/2009
High 107.88
High Date 01/05/2022
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.

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