The Greedy Trader Weekly Analysis
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- 5/8/2026 -
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Financial Select Sector SPDR (XLF) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend support lineThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Financial Select Sector SPDR (XLF). During the week, the XLF dropped -0.68 points, or -1.31%, and closed at 51.24 on Friday, May 8, 2026. Weekly volume was -15% 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 56.52 on January 6, 2026. XLF gained -50.64 points, or -861.22%, in 878 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (35.40) 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 56.52 on January 6, 2026. XLF gained -26.93 points, or -91.01%, in 168 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 36.03 and resistance is at 58.77. 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 XLF weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since January 23, 2026. The distance between MACD and the signal line is low and getting smaller. 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 March 27, 2026 at 47.67 and reached 53.19 on April 21, 2026. XLF gained -5.52 points, or -11.58%, in 25 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (52.12) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

Daily Technical Indicators: [See XLF daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 30, 2026. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (2.65%) is close to one year low (2.46%). It is 53.83% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.13
Williams' Percentage Range (W%R) 54.50
Lane's Stochastic (%D-Slow) 26.26
Greed/Fear Indicator (GFI) 33.62
Moving Average Converg./Diverg. (MACD) 0.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.18
Williams' Percentage Range (W%R) 54.70
Lane's Stochastic (%D-Slow) 68.20
Greed/Fear Indicator (GFI) 53.44
Moving Average Converg./Diverg. (MACD) -0.40
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 58.77
Weekly Trendline Resistance 52.25
Upper Bollinger Band 52.20
Weekly Trendline Support 52.12
Parabolic System 52.11
20 Day Moving Average 51.89
Weekly Stochastic Crossing 51.77
Daily Stochastic Crossing 51.52
Price 51.24
Lower Bollinger Band 50.85
50 Day Moving Average 50.67
Yearly Trendline Resistance 42.63
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 53.19
High Date 04/21/2026
Low 51.14
Low Date 05/08/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 52.25
Support 52.12
Low 47.67
Low Date 03/27/2026
High 53.19
High Date 04/21/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 56.52
High Date 01/06/2026
Low 47.67
Low Date 03/27/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 58.77
Support 36.03
Low 29.59
Low Date 10/13/2022
High 56.52
High Date 01/06/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 42.63
Support 35.40
Low 5.88
Low Date 03/06/2009
High 56.52
High Date 01/06/2026
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.