The Greedy Trader Weekly Analysis
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- 1/16/2026 -
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Industrial Select Sector SPDR (XLI) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 170.80
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a fourth consecutive positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gained 4.97 points, or 3.07%, and closed at 166.90 on Friday, January 16, 2026. XLI was trading at average weekly trading volume.

Long-term trend: [See XLI long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.14 and reached 167.20 on January 16, 2026. XLI gained -152.06 points, or -1004.36%, in 880 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (100.72) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 167.20 on January 16, 2026. XLI gained -84.45 points, or -102.05%, in 172 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (170.80). 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 XLI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 2, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 November 21, 2025 at 147.14 and reached 167.20 on January 16, 2026. XLI gained -20.06 points, or -13.63%, in 56 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 161.13 and resistance is at 169.05. 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 short-term trend.

Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since December 31, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.26
Williams' Percentage Range (W%R) 6.10
Strong Overbought
Lane's Stochastic (%D-Slow) 96.73
Strong Overbought
Greed/Fear Indicator (GFI) 88.30
Overbought
Moving Average Converg./Diverg. (MACD) 2.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.70
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 87.18
Overbought
Greed/Fear Indicator (GFI) 80.71
Overbought
Moving Average Converg./Diverg. (MACD) 3.18
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 170.80
Weekly Trendline Resistance 169.05
Upper Bollinger Band 167.62
Price 166.90
Daily Stochastic Crossing 166.88
Weekly Stochastic Crossing 164.93
Parabolic System 161.48
Weekly Trendline Support 161.13
20 Day Moving Average 159.63
Monthly Trendline Resistance 157.46
50 Day Moving Average 155.76
Lower Bollinger Band 153.17
Monthly Trendline Support 149.68
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 153.37
Low Date 12/17/2025
High 167.20
High Date 01/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 169.05
Support 161.13
Low 147.14
Low Date 11/21/2025
High 167.20
High Date 01/16/2026
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Resistance
Resistance 157.46
Support 149.68
Low 112.80
Low Date 04/07/2025
High 167.20
High Date 01/16/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 170.80
Support 122.27
Low 82.75
Low Date 09/30/2022
High 167.20
High Date 01/16/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 115.38
Support 100.72
Low 15.14
Low Date 03/06/2009
High 167.20
High Date 01/16/2026
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.