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Archive
- 4/17/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis
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| Summary:
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| | It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB gave back -0.08 points, or -0.15%, and closed at 51.88 on Friday, April 17, 2026. Weekly volume was -6% 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 Broadening Ascending Wedge chart pattern. The trend support level is at 46.26 and resistance is at 56.40. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 Broadening Ascending Wedge chart pattern. The trend support level is at 47.72 and resistance is at 58.69. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 March 20, 2026 at 46.73 and reached 52.37 on April 17, 2026. XLB gained -5.64 points, or -12.07%, in 28 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 51.78 and resistance is at 52.83. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
 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. 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. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 above its signal line since March 27, 2026. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (51.41) comes close to the price (51.88). It indicates that the trend is getting weaker. 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.
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