|
|
|
|
Select Sector SPDR ETFs Technical Analysis - XLBArchive
- 9/27/2024 -
Sign In to see current Signals. |
Materials Select Sector SPDR (XLB) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a third consecutive positive week for the Materials Select Sector SPDR (XLB). During the week, the XLB gained 2.85 points, or 3.03%, and closed at 96.92 on Friday, September 27, 2024. Weekly volume was -25% below 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 97.78 on September 27, 2024. XLB gained -79.95 points, or -448.40%, in 812 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (70.40) 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 long-term trend.
Medium-term trend: [See XLB medium-term trend chart]
A medium-term uptrend had started on July 2, 2024 at 86.41 and reached 97.78 on September 27, 2024. XLB gained -11.37 points, or -13.16%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (89.31) 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 XLB weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly 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 weekly 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. 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 September 13, 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 XLB short-term trend chart]
A short-term uptrend had started on September 11, 2024 at 88.89 and reached 97.78 on September 27, 2024. XLB gained -8.89 points, or -10.00%, in 16 days. The price is now at the 9.67% retracement level.
 Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bearish divergence. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since September 13, 2024. This is an indication that the short-term trend is up.
| |
|
|
|
|
| Daily Oscillators |
|
|
| Weekly Oscillators |
|
|
| Trading
Signals |
|
|
|
| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
|
|
| Industry |
|
|
|
| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
88.89 |
| Low Date |
09/11/2024 |
| High |
97.78 |
| High Date |
09/27/2024 |
|
| Weekly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
88.89 |
| Low Date |
09/11/2024 |
| High |
97.78 |
| High Date |
09/27/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
95.36 |
| Support |
89.31 |
| Low |
86.41 |
| Low Date |
07/02/2024 |
| High |
97.78 |
| High Date |
09/27/2024 |
|
| Quarterly Trend |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
|
| Resistance |
|
| Support |
|
| Low |
66.85 |
| Low Date |
09/27/2022 |
| High |
97.78 |
| High Date |
09/27/2024 |
|
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
86.13 |
| Support |
70.40 |
| Low |
17.83 |
| Low Date |
03/06/2009 |
| High |
97.78 |
| High Date |
09/27/2024 |
|
|