The Greedy Trader Weekly Analysis
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- 5/22/2026 -
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Industrial Select Sector SPDR (XLI) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend support lineBullish Doji CandlestickThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI climbed 0.37 points, or 0.22%, and closed at 171.77 on Friday, May 22, 2026. Weekly volume was -25% 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 179.31 on March 2, 2026. XLI gained -164.17 points, or -1084.35%, in 886 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (102.52) 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 179.31 on March 2, 2026. XLI gained -96.56 points, or -116.69%, in 178 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 126.41 and resistance is at 178.99. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since March 20, 2026. The distance between MACD and the signal line is low, but getting bigger. 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 March 30, 2026 at 156.08 and reached 177.72 on May 7, 2026. XLI gained -21.64 points, or -13.86%, in 38 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (179.88) 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 short-term trend.

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

The daily MACD line is below its signal line since May 12, 2026.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Candlestick pattern: [See XLI candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.72
Williams' Percentage Range (W%R) 62.10
Lane's Stochastic (%D-Slow) 28.86
Greed/Fear Indicator (GFI) 39.49
Moving Average Converg./Diverg. (MACD) 0.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.95
Williams' Percentage Range (W%R) 31.10
Lane's Stochastic (%D-Slow) 73.87
Greed/Fear Indicator (GFI) 63.49
Moving Average Converg./Diverg. (MACD) 4.63
Trading Signals
Description Value Chart
Weekly Trendline Support 179.88
Weekly Trendline Resistance 179.75
Quarterly Trendline Resistance 178.99
Upper Bollinger Band 175.80
Parabolic System 173.79
20 Day Moving Average 172.49
Weekly Stochastic Crossing 172.22
Price 171.77
Daily Stochastic Crossing 170.24
50 Day Moving Average 169.28
Lower Bollinger Band 167.86
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 177.72
High Date 05/07/2026
Low 168.11
Low Date 05/19/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 179.75
Support 179.88
Low 156.08
Low Date 03/30/2026
High 177.72
High Date 05/07/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 112.80
Low Date 04/07/2025
High 179.31
High Date 03/02/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 178.99
Support 126.41
Low 82.75
Low Date 09/30/2022
High 179.31
High Date 03/02/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 117.17
Support 102.52
Low 15.14
Low Date 03/06/2009
High 179.31
High Date 03/02/2026
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.