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Archive
- 7/19/2024 -
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Industrial Select Sector SPDR (XLI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI climbed 0.69 points, or 0.56%, and closed at 124.87 on Friday, July 19, 2024. Weekly volume was 29% above average.
 Long-term trend: [See XLI long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 15.14 and reached 128.31 on July 16, 2024. XLI gained -113.17 points, or -747.49%, in 801 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (92.99) 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 XLI medium-term trend chart]
A medium-term uptrend had started on June 14, 2024 at 119.67 and reached 128.31 on July 16, 2024. XLI gained -8.64 points, or -7.22%, in 4 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 120.04 and resistance is at 129.15. 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 XLI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 26, 2024. Use the following link to access a MACD help.
 Short-term trend: [See XLI short-term trend chart]
A short-term downtrend had started on July 16, 2024 at 128.31 and reached 124.59 on July 19, 2024. XLI lost 3.72 points, or 2.90%, in 3 days. The price is now at the 7.53% retracement level.
Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since July 10, 2024.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
128.31 |
| High Date |
07/16/2024 |
| Low |
124.59 |
| Low Date |
07/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
129.15 |
| Support |
120.04 |
| Low |
119.67 |
| Low Date |
06/14/2024 |
| High |
128.31 |
| High Date |
07/16/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
96.11 |
| Low Date |
10/27/2023 |
| High |
128.31 |
| High Date |
07/16/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
82.75 |
| Low Date |
09/30/2022 |
| High |
128.31 |
| High Date |
07/16/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
107.64 |
| Support |
92.99 |
| Low |
15.14 |
| Low Date |
03/06/2009 |
| High |
128.31 |
| High Date |
07/16/2024 |
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