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Archive
- 3/21/2025 -
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SPDR Homebuilders (XHB) Technical Analysis |
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the SPDR Homebuilders (XHB). During the week, the XHB gave back -0.09 points, or -0.09%, and closed at 97.42 on Friday, March 21, 2025. XHB was trading at average weekly trading volume.
 Long-term trend: [See XHB long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 51.23 and reached 126.10 on November 25, 2024. XHB gained -74.87 points, or -146.14%, in 127 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 88.43 and resistance is at 135.34. 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 long-term trend.
 Medium-term trend: [See XHB medium-term trend chart]
A medium-term downtrend had started on November 25, 2024 at 126.10 and reached 95.18 on March 13, 2025. XHB lost 30.92 points, or 24.52%, in 15 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 94.26 and resistance is at 101.53. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XHB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See XHB short-term trend chart]
A short-term uptrend had started on March 13, 2025 at 95.18 and reached 100.53 on March 20, 2025. XHB gained -5.35 points, or -5.62%, in 7 days. The price is now at the 58.13% retracement level.
 Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
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