The Greedy Trader Weekly Analysis
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- 5/22/2026 -
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Financial Select Sector SPDR (XLF) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was a first positive week for the Financial Select Sector SPDR (XLF). During the week, the XLF gained 0.84 points, or 1.64%, and closed at 51.94 on Friday, May 22, 2026. Weekly volume was -20% below average.

Long-term trend: [See XLF long-term trend chart]
A long-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 36.11 and resistance is at 59.04. 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 long-term trend.

Medium-term trend: [See XLF medium-term trend chart]
A medium-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 3 weeks. The chart has formed a Falling Wedge chart pattern. The uptrend resistance line (50.66) 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 technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 April 21, 2026 at 53.19 and reached 50.78 on May 20, 2026. XLF lost 2.41 points, or 4.53%, in 29 days. The price is now at the 48.13% retracement level.

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

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (2.46%) is close to one year low (2.46%). It is 54.81% 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) 53.98
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 69.66
Greed/Fear Indicator (GFI) 61.61
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.06
Williams' Percentage Range (W%R) 52.20
Lane's Stochastic (%D-Slow) 72.86
Greed/Fear Indicator (GFI) 56.44
Moving Average Converg./Diverg. (MACD) -0.40
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 59.04
Upper Bollinger Band 52.15
Price 51.94
Daily Stochastic Crossing 51.76
Weekly Stochastic Crossing 51.59
20 Day Moving Average 51.59
Weekly Trendline Resistance 51.51
Lower Bollinger Band 50.86
50 Day Moving Average 50.83
Parabolic System 50.73
Weekly Trendline Support 50.66
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 50.78
Low Date 05/20/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 51.51
Support 50.66
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 59.04
Support 36.11
Low 29.59
Low Date 10/13/2022
High 56.52
High Date 01/06/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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.