The Greedy Trader Weekly Analysis
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- 10/16/2026 -
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Financial Select Sector SPDR (XLF) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overboughtBroken trend resistance lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a second positive week after 5 consecutive negative weeks for the Financial Select Sector SPDR (XLF). During the week, the XLF gained 0.79 points, or 1.44%, and closed at 55.52 on Friday, October 16, 2026. XLF was trading at average weekly trading volume.

Long-term trend: [See XLF long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 5.88 and reached 58.60 on September 3, 2026. XLF gained -52.72 points, or -896.60%, in 912 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (36.13) 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 58.60 on September 3, 2026. XLF gained -29.01 points, or -98.04%, in 203 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 53.96 and resistance is at 61.73. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel 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 September 18, 2026. Use the following link to access a MACD help.

Short-term trend: [See XLF short-term trend chart]
A short-term downtrend had started on September 3, 2026 at 58.60 and reached 52.81 on October 1, 2026. XLF lost 5.79 points, or 9.88%, in 28 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (54.28) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XLF may retest the broken resistance line. It is considered to be a support line now. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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 Williams' Percentage Range help.

The daily MACD line is above its signal line since October 8, 2026. The distance between MACD and the signal line is relatively high and getting bigger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.81
Williams' Percentage Range (W%R) 16.90
Overbought
Lane's Stochastic (%D-Slow) 76.83
Greed/Fear Indicator (GFI) 74.90
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.09
Williams' Percentage Range (W%R) 36.80
Lane's Stochastic (%D-Slow) 20.64
Greed/Fear Indicator (GFI) 44.39
Moving Average Converg./Diverg. (MACD) 1.02
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 61.73
50 Day Moving Average 56.28
Upper Bollinger Band 56.27
Price 55.52
Weekly Trendline Resistance 55.32
Daily Stochastic Crossing 55.30
20 Day Moving Average 54.45
Weekly Trendline Support 54.28
Parabolic System 54.26
Quarterly Trendline Support 53.96
Weekly Stochastic Crossing 53.91
Lower Bollinger Band 53.57
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 52.81
Low Date 10/01/2026
High 56.03
High Date 10/16/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 55.32
Support 54.28
High 58.60
High Date 09/03/2026
Low 52.81
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.67
Low Date 03/27/2026
High 58.60
High Date 09/03/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 61.73
Support 53.96
Low 29.59
Low Date 10/13/2022
High 58.60
High Date 09/03/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 43.37
Support 36.13
Low 5.88
Low Date 03/06/2009
High 58.60
High Date 09/03/2026
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.