Select Sector SPDR ETFs Technical AnalysisArchive
- 7/12/2019 -
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Industrial Select Sector SPDR (XLI)
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|It was a fourth consecutive positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gained 0.88 points, or 1.14%, and closed at 78.39 on Friday, July 12, 2019. Weekly volume was -31% 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 82.66 on February 26, 2019. XLI gained -67.52 points, or -445.97%, in 520 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (78.26). 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 long-term trend.
Medium-term trend: [See XLI medium-term trend chart]
A medium-term downtrend had started on February 26, 2019 at 82.66 and reached 71.91 on June 3, 2019. XLI lost 10.75 points, or 13.01%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (71.40) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See XLI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since June 21, 2019. 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 July 9, 2019 at 76.28 and reached 78.41 on July 12, 2019. XLI gained -2.13 points, or -2.79%, in 3 days. Price is near the trend high.
Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 11, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (78.39) comes close to the price (78.39). 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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 3.88% on Friday. It is 52.56% lower than one year average. It indicates the period of low volatility of the stock price. 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.