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Select Sector SPDR ETFs Technical Analysis - XLBArchive
- 1/17/2025 -
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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 second positive week after 5 consecutive negative weeks for the Materials Select Sector SPDR (XLB). During the week, the XLB gained 5.03 points, or 6.04%, and closed at 88.33 on Friday, January 17, 2025. Weekly volume was 48% above average.
 Long-term trend: [See XLB long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 17.83 and reached 97.87 on October 18, 2024. XLB gained -80.04 points, or -448.91%, in 815 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (87.15). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.
 Medium-term trend: [See XLB medium-term trend chart]
A medium-term downtrend had started on October 18, 2024 at 97.87 and reached 83.04 on January 3, 2025. XLB lost 14.83 points, or 15.15%, in 11 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 80.71 and resistance is at 91.61. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 November 8, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 January 3, 2025 at 83.04 and reached 88.90 on January 17, 2025. XLB gained -5.86 points, or -7.06%, in 14 days. The price is now at the 9.73% retracement level.
 Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since January 7, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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 moved above 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.
 Candlestick pattern: [See XLB candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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