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Archive
- 12/13/2024 -
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Financial Select Sector SPDR (XLF) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Financial Select Sector SPDR (XLF). During the week, the XLF dropped -0.86 points, or -1.71%, and closed at 49.54 on Friday, December 13, 2024. Weekly volume was -11% below average.
 Long-term trend: [See XLF long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 5.88 and reached 51.62 on November 27, 2024. XLF gained -45.74 points, or -777.89%, in 820 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (33.09) 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 XLF medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 29.59 and reached 51.62 on November 27, 2024. XLF gained -22.03 points, or -74.45%, in 110 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (33.27) 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 medium-term trend.
 Weekly Technical Indicators: [See XLF weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 16, 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 XLF short-term trend chart]
A short-term uptrend had started on October 27, 2023 at 31.35 and reached 51.62 on November 27, 2024. XLF gained -20.27 points, or -64.66%, in 397 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (42.47) 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 short-term trend.
 Daily Technical Indicators: [See XLF daily technical indicators chart]
Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Lane's Stochastic.
The daily MACD line is below its signal line since December 2, 2024.
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.
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