The Greedy Trader Weekly Analysis
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- 8/14/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtTrend resistance at 52.49
Daily :20 Day Moving Average has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB gave back -0.32 points, or -0.61%, and closed at 52.54 on Friday, August 14, 2026. Weekly volume was -24% 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 trend support level is at 50.64 and resistance is at 54.63. 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 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 price is near the trend resistance line (52.49). 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 medium-term trend.

Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 24, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See XLB short-term trend chart]
A short-term downtrend had started on August 11, 2026 at 53.60 and reached 52.22 on August 13, 2026. XLB lost 1.38 points, or 2.57%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is above its signal line since July 23, 2026. The distance between MACD and the signal line is low and getting smaller.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 57.40
Williams' Percentage Range (W%R) 30.30
Lane's Stochastic (%D-Slow) 75.65
Greed/Fear Indicator (GFI) 67.60
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.31
Williams' Percentage Range (W%R) 17.90
Overbought
Lane's Stochastic (%D-Slow) 55.54
Greed/Fear Indicator (GFI) 64.50
Moving Average Converg./Diverg. (MACD) 0.92
Trading Signals
Description Value Chart
Yearly Trendline Resistance 54.63
Upper Bollinger Band 53.95
Daily Stochastic Crossing 53.12
Price 52.54
Quarterly Trendline Resistance 52.49
Weekly Stochastic Crossing 52.08
Quarterly Trendline Support 51.92
Parabolic System 51.77
20 Day Moving Average 51.73
50 Day Moving Average 51.38
Yearly Trendline Support 50.64
Lower Bollinger Band 49.97
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.60
High Date 08/11/2026
Low 52.22
Low Date 08/13/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.60
High Date 08/11/2026
Low 52.22
Low Date 08/13/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.85
Low Date 07/21/2026
High 53.60
High Date 08/11/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 52.49
Support 51.92
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 Valid
Resistance 54.63
Support 50.64
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.