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Select Sector SPDR ETFs Technical Analysis - XHBArchive
- 9/27/2024 -
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SPDR Homebuilders (XHB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the SPDR Homebuilders (XHB). During the week, the XHB gained 2.04 points, or 1.67%, and closed at 124.27 on Friday, September 27, 2024. Weekly volume was -38% below average.
 Long-term trend: [See XHB long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 51.23 and reached 125.46 on September 27, 2024. XHB gained -74.23 points, or -144.90%, in 119 weeks. Price is near the trend high.
 Medium-term trend: [See XHB medium-term trend chart]
A medium-term uptrend had started on July 5, 2024 at 97.40 and reached 125.46 on September 27, 2024. XHB gained -28.06 points, or -28.81%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (113.29) 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 medium-term trend.
 Weekly Technical Indicators: [See XHB 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 August 16, 2024. 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 September 11, 2024 at 109.78 and reached 125.46 on September 27, 2024. XHB gained -15.68 points, or -14.28%, in 16 days. The price is now at the 7.59% retracement level.
 Daily Technical Indicators: [See XHB daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since September 12, 2024. 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
109.78 |
| Low Date |
09/11/2024 |
| High |
125.46 |
| High Date |
09/27/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
104.17 |
| Low Date |
08/05/2024 |
| High |
125.46 |
| High Date |
09/27/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
119.17 |
| Support |
113.29 |
| Low |
97.40 |
| Low Date |
07/05/2024 |
| High |
125.46 |
| High Date |
09/27/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
51.23 |
| Low Date |
06/17/2022 |
| High |
125.46 |
| High Date |
09/27/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
8.00 |
| Low Date |
03/09/2009 |
| High |
125.46 |
| High Date |
09/27/2024 |
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