The Greedy Trader Weekly Analysis
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- 10/9/2026 -
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Industrial Select Sector SPDR (XLI) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :The Bollinger Bands are historically close together
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It was the negative week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gave back -0.70 points, or -0.41%, and closed at 169.25 on Friday, October 9, 2026. Weekly volume was -32% below average.

Long-term trend: [See XLI long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.14 and reached 188.19 on August 5, 2026. XLI gained -173.05 points, or -1143.00%, in 908 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (104.50) 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 long-term trend.

Medium-term trend: [See XLI medium-term trend chart]
A medium-term uptrend had started on September 30, 2022 at 82.75 and reached 188.19 on August 5, 2026. XLI gained -105.44 points, or -127.42%, in 200 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 130.99 and resistance is at 192.65. 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 medium-term trend.

Weekly Technical Indicators: [See XLI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 21, 2026. The distance between MACD and the signal line is near its high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See XLI short-term trend chart]
A short-term uptrend had started on October 1, 2026 at 166.18 and reached 172.34 on October 6, 2026. XLI gained -6.16 points, or -3.71%, in 5 days. The price is now at the 50.16% retracement level.

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

The daily MACD line is above its signal line since September 22, 2026. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands (2.36%) is close to one year low (2.84%). It is 63.92% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 47.88
Williams' Percentage Range (W%R) 58.90
Lane's Stochastic (%D-Slow) 55.94
Greed/Fear Indicator (GFI) 48.30
Moving Average Converg./Diverg. (MACD) -1.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.56
Williams' Percentage Range (W%R) 88.50
Oversold
Lane's Stochastic (%D-Slow) 10.68
Oversold
Greed/Fear Indicator (GFI) 21.73
Moving Average Converg./Diverg. (MACD) 2.63
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 192.65
50 Day Moving Average 175.72
Upper Bollinger Band 172.35
Parabolic System 172.05
20 Day Moving Average 169.33
Daily Stochastic Crossing 169.27
Price 169.25
Weekly Stochastic Crossing 168.42
Lower Bollinger Band 168.35
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 166.18
Low Date 10/01/2026
High 172.34
High Date 10/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 188.19
High Date 08/05/2026
Low 166.18
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 112.80
Low Date 04/07/2025
High 188.19
High Date 08/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 192.65
Support 130.99
Low 82.75
Low Date 09/30/2022
High 188.19
High Date 08/05/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 119.15
Support 104.50
Low 15.14
Low Date 03/06/2009
High 188.19
High Date 08/05/2026
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.