The Greedy Trader Weekly Analysis
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- 2/6/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandTrend resistance at 51.62
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It was a first positive week for the Materials Select Sector SPDR (XLB). During the week, the XLB gained 2.24 points, or 4.55%, and closed at 51.51 on Friday, February 6, 2026. Weekly volume was 114% above average.

Long-term trend: [See XLB long-term trend chart]
A long-term downtrend had started on October 18, 2024 at 48.94 and reached 36.56 on April 8, 2025. XLB lost 12.38 points, or 25.30%, in 24 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (44.45) 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 XLB medium-term trend chart]
A medium-term uptrend had started on November 4, 2025 at 42.04 and reached 52.02 on February 4, 2026. XLB gained -9.98 points, or -23.74%, in 13 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (45.33) 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 XLB weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 12, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 December 10, 2025 at 43.35 and reached 52.02 on February 4, 2026. XLB gained -8.67 points, or -20%, in 56 days. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (51.62). 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 short-term trend.

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

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 67.24
Williams' Percentage Range (W%R) 26.00
Lane's Stochastic (%D-Slow) 72.28
Bearish
Greed/Fear Indicator (GFI) 71.18
Moving Average Converg./Diverg. (MACD) 1.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.03
Overbought
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 93.89
Strong Overbought
Greed/Fear Indicator (GFI) 82.92
Overbought
Moving Average Converg./Diverg. (MACD) 0.58
Trading Signals
Description Value Chart
Weekly Trendline Resistance 51.62
Price 51.51
Weekly Stochastic Crossing 51.47
Upper Bollinger Band 51.42
Daily Stochastic Crossing 51.31
Weekly Trendline Support 49.69
20 Day Moving Average 49.62
Parabolic System 49.14
Lower Bollinger Band 47.46
Monthly Trendline Resistance 47.45
50 Day Moving Average 46.97
Monthly Trendline Support 45.33
Yearly Trendline Support 44.45
Yearly Trendline Resistance 44.39
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.81
Low Date 01/30/2026
High 52.02
High Date 02/04/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 51.62
Support 49.69
Low 43.35
Low Date 12/10/2025
High 52.02
High Date 02/04/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 47.45
Support 45.33
Low 42.04
Low Date 11/04/2025
High 52.02
High Date 02/04/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.56
Low Date 04/08/2025
High 52.02
High Date 02/04/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 44.39
Support 44.45
High 48.94
High Date 10/18/2024
Low 36.56
Low Date 04/08/2025
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.