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Archive
- 10/16/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 6 consecutive negative weeks for the Materials Select Sector SPDR (XLB). During the week, the XLB gained 1.49 points, or 3.01%, and closed at 50.92 on Friday, October 16, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was -25% below average.
 Long-term trend: [See XLB long-term trend chart]
A long-term uptrend had started on April 8, 2025 at 36.56 and reached 54.19 on August 24, 2026. XLB gained -17.63 points, or -48.22%, in 71 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (51.02) 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 XLB medium-term trend chart]
A medium-term downtrend had started on August 24, 2026 at 54.19 and reached 47.81 on October 1, 2026. XLB lost 6.38 points, or 11.77%, in 5 weeks. The price is now at the 48.75% retracement level.
 Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since September 4, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See XLB short-term trend chart]
A short-term uptrend had started on October 8, 2026 at 48.70 and reached 51.51 on October 16, 2026. XLB gained -2.81 points, or -5.77%, in 8 days. The price is now at the 21.00% retracement level.
 Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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.
Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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