The Greedy Trader Weekly Analysis
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Select Sector SPDR ETFs Technical Analysis - XLB

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- 2/20/2026 -
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Materials Select Sector SPDR (XLB) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal line
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It was the negative week for the Materials Select Sector SPDR (XLB). During the week, the XLB gave back -0.35 points, or -0.66%, and closed at 52.96 on Friday, February 20, 2026. Weekly volume was 31% above average.

Long-term trend: [See XLB long-term trend chart]
A long-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 Rising Channel chart pattern. The uptrend resistance line (45.81) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 December 10, 2025 at 43.35 and reached 54.14 on February 12, 2026. XLB gained -10.79 points, or -24.89%, in 9 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 51.01 and resistance is at 55.39. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See XLB weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 12, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See XLB short-term trend chart]
A short-term downtrend had started on February 12, 2026 at 54.14 and reached 52.08 on February 17, 2026. XLB lost 2.06 points, or 3.80%, in 5 days. The price is now at the 42.72% retracement level.

Daily Technical Indicators: [See XLB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.12
Williams' Percentage Range (W%R) 28.50
Lane's Stochastic (%D-Slow) 66.19
Greed/Fear Indicator (GFI) 68.93
Moving Average Converg./Diverg. (MACD) 1.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.96
Overbought
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 92.24
Strong Overbought
Greed/Fear Indicator (GFI) 82.92
Overbought
Moving Average Converg./Diverg. (MACD) 0.95
Trading Signals
Description Value Chart
Monthly Trendline Resistance 55.39
Upper Bollinger Band 54.33
Weekly Stochastic Crossing 53.41
Daily Stochastic Crossing 53.37
Price 52.96
Parabolic System 52.27
20 Day Moving Average 51.49
Monthly Trendline Support 51.01
Lower Bollinger Band 48.58
50 Day Moving Average 48.54
Quarterly Trendline Resistance 47.94
Quarterly Trendline Support 45.81
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.14
High Date 02/12/2026
Low 52.08
Low Date 02/17/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.14
High Date 02/12/2026
Low 52.08
Low Date 02/17/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 55.39
Support 51.01
Low 43.35
Low Date 12/10/2025
High 54.14
High Date 02/12/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 47.94
Support 45.81
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.