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Downtrend Broken Resist.Archive
- 7/2/2026 -
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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 dropped -3.08 points, or -2.66%, and closed at 112.56 on Thursday, July 2, 2026. It was the worst weekly loss since May 15, 2026. Weekly volume was 43% above average.
 Long-term trend: [See XHB long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 8.00 and reached 126.10 on November 25, 2024. XHB gained -118.10 points, or -1476.25%, in 820 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 99.21 and resistance is at 153.19. 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 uptrend had started on April 9, 2025 at 84.48 and reached 123.13 on February 12, 2026. XHB gained -38.65 points, or -45.75%, in 44 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (112.85) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.
 Weekly Technical Indicators: [See XHB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since June 12, 2026. This is an indication that the medium-term trend is up. 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 May 19, 2026 at 93.57 and reached 117.91 on June 25, 2026. XHB gained -24.34 points, or -26.01%, in 37 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 22, 2026. 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.
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