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Archive
- 10/23/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 6 consecutive negative weeks for the Materials Select Sector SPDR (XLB). During the week, the XLB climbed 0.39 points, or 0.77%, and closed at 51.31 on Friday, October 23, 2026. Weekly volume was -31% below 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 54.19 on August 24, 2026. XLB gained -17.63 points, or -48.22%, in 71 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (51.21) 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 long-term trend.
 Medium-term trend: [See XLB medium-term trend chart]
A medium-term downtrend had started on August 24, 2026 at 54.19 and reached 47.81 on October 1, 2026. XLB lost 6.38 points, or 11.77%, in 5 weeks. The price is now at the 54.86% retracement level.
 Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since September 4, 2026. This is an indication that the medium-term trend is down. 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 October 8, 2026 at 48.70 and reached 51.71 on October 22, 2026. XLB gained -3.01 points, or -6.18%, in 14 days. The price is now at the 13.29% retracement level.
 Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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