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Archive
- 8/7/2026 -
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Financial Select Sector SPDR (XLF) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a tenth consecutive positive week for the Financial Select Sector SPDR (XLF). During the week, the XLF gained 0.66 points, or 1.16%, and closed at 57.60 on Friday, August 7, 2026. Weekly volume was -31% 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 58.41 on August 5, 2026. XLF gained -52.53 points, or -893.37%, in 908 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (35.81) 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 XLF medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 29.59 and reached 58.41 on August 5, 2026. XLF gained -28.82 points, or -97.40%, in 198 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 52.66 and resistance is at 60.42. 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 Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 15, 2026. 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 XLF short-term trend chart]
A short-term uptrend had started on June 3, 2026 at 50.52 and reached 58.41 on August 5, 2026. XLF gained -7.89 points, or -15.62%, in 63 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 57.15 and resistance is at 58.47. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See XLF daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.
The daily MACD line is below its signal line since August 6, 2026. The distance between MACD and the signal line is low and getting smaller.
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