The Greedy Trader Weekly Analysis
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- 7/17/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving Average
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It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB gave back -0.36 points, or -0.71%, and closed at 50.53 on Friday, July 17, 2026. Weekly volume was -33% 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 54.14 on February 12, 2026. XLB gained -17.58 points, or -48.09%, in 44 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (50.90) is broken. A broken support is considered to be a long-term bearish 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 support 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 54.14 on February 12, 2026. XLB gained -12.10 points, or -28.78%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (50.90) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 24, 2026. 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 July 15, 2026 at 50.11 and reached 51.45 on July 17, 2026. XLB gained -1.34 points, or -2.67%, in 2 days. The price is now at the 68.66% retracement level.

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

The daily MACD line is below its signal line since July 7, 2026. The distance between MACD and the signal line is low and 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.27
Williams' Percentage Range (W%R) 64.00
Lane's Stochastic (%D-Slow) 33.24
Greed/Fear Indicator (GFI) 36.82
Moving Average Converg./Diverg. (MACD) -0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.63
Williams' Percentage Range (W%R) 42.00
Lane's Stochastic (%D-Slow) 54.96
Greed/Fear Indicator (GFI) 53.59
Moving Average Converg./Diverg. (MACD) 1.13
Trading Signals
Description Value Chart
Yearly Trendline Resistance 54.04
Quarterly Trendline Resistance 52.72
Upper Bollinger Band 52.10
Parabolic System 51.68
Monthly Trendline Resistance 51.26
50 Day Moving Average 51.13
20 Day Moving Average 51.07
Weekly Stochastic Crossing 51.07
Quarterly Trendline Support 50.90
Yearly Trendline Support 50.90
Price 50.53
Daily Stochastic Crossing 50.41
Lower Bollinger Band 49.82
Monthly Trendline Support 49.08
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 50.11
Low Date 07/15/2026
High 51.45
High Date 07/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.11
Low Date 07/15/2026
High 51.45
High Date 07/17/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 51.26
Support 49.08
High 53.31
High Date 06/17/2026
Low 49.89
Low Date 07/08/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 52.72
Support 50.90
Low 42.04
Low Date 11/04/2025
High 54.14
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 54.04
Support 50.90
Low 36.56
Low Date 04/08/2025
High 54.14
High Date 02/12/2026
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.