|
|
Downtrend ResistanceArchive
- 4/19/2024 -
Sign In to see current Signals. |
SPDR Retail (XRT) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the SPDR Retail (XRT). During the week, the XRT gave back -0.71 points, or -0.99%, and closed at 71.17 on Friday, April 19, 2024. Weekly volume was 34% above average.
 Long-term trend: [See XRT long-term trend chart]
A long-term downtrend had started on November 16, 2021 at 104.26 and reached 55.33 on September 30, 2022. XRT lost 48.93 points, or 46.93%, in 45 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (57.36) 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 XRT medium-term trend chart]
A medium-term uptrend had started on September 30, 2022 at 55.33 and reached 79.12 on April 1, 2024. XRT gained -23.79 points, or -43.00%, in 78 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (58.33) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 XRT weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See XRT short-term trend chart]
A short-term uptrend had started on October 6, 2023 at 57.48 and reached 79.12 on April 1, 2024. XRT gained -21.64 points, or -37.65%, in 178 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (76.52) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. XRT may retest the broken support line. It is considered to be a resistance 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 support in a short-term trend.
 Daily Technical Indicators: [See XRT daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 1, 2024. The distance between MACD and the signal line is relatively high, but getting smaller.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|