The Greedy Trader Weekly Analysis
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- 1/30/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARTrend support at 49.28
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It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB dropped -0.70 points, or -1.40%, and closed at 49.27 on Friday, January 30, 2026. It was the worst weekly loss since October 31, 2025. Weekly volume was 37% 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 (44.26) 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 50.62 on January 29, 2026. XLB gained -8.58 points, or -20.41%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (45.06) 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 Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 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 50.62 on January 29, 2026. XLB gained -7.27 points, or -16.77%, in 50 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (49.28) 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 short-term trend.

Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.11
Williams' Percentage Range (W%R) 26.30
Lane's Stochastic (%D-Slow) 72.91
Greed/Fear Indicator (GFI) 69.59
Moving Average Converg./Diverg. (MACD) 1.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.38
Williams' Percentage Range (W%R) 16.40
Overbought
Lane's Stochastic (%D-Slow) 94.05
Strong Overbought
Greed/Fear Indicator (GFI) 81.11
Overbought
Moving Average Converg./Diverg. (MACD) 0.41
Trading Signals
Description Value Chart
Weekly Trendline Resistance 50.92
Upper Bollinger Band 50.91
Parabolic System 50.46
Weekly Stochastic Crossing 50.23
Daily Stochastic Crossing 50.05
Weekly Trendline Support 49.28
Price 49.27
20 Day Moving Average 48.62
Monthly Trendline Resistance 47.18
50 Day Moving Average 46.18
Lower Bollinger Band 46.17
Monthly Trendline Support 45.06
Yearly Trendline Resistance 44.46
Yearly Trendline Support 44.26
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 50.62
High Date 01/29/2026
Low 48.81
Low Date 01/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 50.92
Support 49.28
Low 43.35
Low Date 12/10/2025
High 50.62
High Date 01/29/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 47.18
Support 45.06
Low 42.04
Low Date 11/04/2025
High 50.62
High Date 01/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.56
Low Date 04/08/2025
High 50.62
High Date 01/29/2026
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 44.46
Support 44.26
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.