The Greedy Trader Weekly Analysis
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- 6/5/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis

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Summary:
Weekly :
Daily :A Parabolic SAR indicator is above and near the price20 Day Moving Average has crossed below the 50 Day Moving AverageTrend support at 50.75The price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB dropped -0.52 points, or -1.02%, and closed at 50.63 on Friday, June 5, 2026. Weekly volume was 16% above average.

Long-term trend: [See XLB long-term trend chart]
A long-term uptrend had started on April 8, 2025 at 36.56 and reached 54.14 on February 12, 2026. XLB gained -17.58 points, or -48.09%, in 44 weeks. The price is now at the 19.97% retracement level.

Medium-term trend: [See XLB medium-term trend chart]
A medium-term uptrend had started on November 4, 2025 at 42.04 and reached 54.14 on February 12, 2026. XLB gained -12.10 points, or -28.78%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 49.41 and resistance is at 52.30. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 24, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See XLB short-term trend chart]
A short-term uptrend had started on May 19, 2026 at 48.89 and reached 52.20 on June 4, 2026. XLB gained -3.31 points, or -6.77%, in 16 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (50.75) 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 short-term trend.

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

The daily MACD line is above its signal line since May 28, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (50.44) comes close to the price (50.63). 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.

During the last week, the price has declined below 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.88
Williams' Percentage Range (W%R) 30.50
Lane's Stochastic (%D-Slow) 70.97
Greed/Fear Indicator (GFI) 64.46
Moving Average Converg./Diverg. (MACD) -0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.75
Williams' Percentage Range (W%R) 36.80
Lane's Stochastic (%D-Slow) 68.14
Greed/Fear Indicator (GFI) 60.93
Moving Average Converg./Diverg. (MACD) 1.41
Trading Signals
Description Value Chart
Upper Bollinger Band 52.76
Weekly Trendline Resistance 52.35
Quarterly Trendline Resistance 52.30
Daily Stochastic Crossing 51.57
Weekly Stochastic Crossing 51.45
50 Day Moving Average 51.11
20 Day Moving Average 51.02
Weekly Trendline Support 50.75
Price 50.63
Parabolic System 50.44
Quarterly Trendline Support 49.41
Lower Bollinger Band 49.39
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.20
High Date 06/04/2026
Low 50.50
Low Date 06/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 52.35
Support 50.75
Low 48.89
Low Date 05/19/2026
High 52.20
High Date 06/04/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.77
High Date 05/07/2026
Low 48.89
Low Date 05/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 52.30
Support 49.41
Low 42.04
Low Date 11/04/2025
High 54.14
High Date 02/12/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.56
Low Date 04/08/2025
High 54.14
High Date 02/12/2026
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.