The Greedy Trader Weekly Analysis
Sign In Jun 7, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 5/31/2024 -
Sign In to see current Signals.

Industrial Select Sector SPDR (XLI) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gave back -0.95 points, or -0.76%, and closed at 123.51 on Friday, May 31, 2024. Weekly volume was 13% 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 126.39 on April 4, 2024. XLI gained -111.25 points, or -734.81%, in 786 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (92.31) 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 October 27, 2023 at 96.11 and reached 126.39 on April 4, 2024. XLI gained -30.28 points, or -31.51%, in 22 weeks. The price is now at the 9.51% retracement level.

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. The distance between MACD and the signal line is low, but getting bigger. 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 May 10, 2024 at 126.22 and reached 121.10 on May 29, 2024. XLI lost 5.12 points, or 4.06%, in 19 days. The price is now at the 47.07% retracement level.

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

The daily MACD line is below its signal line since May 22, 2024. This is an indication that the short-term trend is down.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.91
Williams' Percentage Range (W%R) 76.20
Lane's Stochastic (%D-Slow) 23.38
Greed/Fear Indicator (GFI) 29.04
Moving Average Converg./Diverg. (MACD) 0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.90
Williams' Percentage Range (W%R) 24.80
Lane's Stochastic (%D-Slow) 61.06
Greed/Fear Indicator (GFI) 62.83
Moving Average Converg./Diverg. (MACD) 4.30
Trading Signals
Description Value Chart
Upper Bollinger Band 126.33
Parabolic System 124.97
20 Day Moving Average 124.37
Weekly Stochastic Crossing 124.26
50 Day Moving Average 123.81
Price 123.51
Daily Stochastic Crossing 122.03
Lower Bollinger Band 121.22
Yearly Trendline Resistance 106.96
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 126.22
High Date 05/10/2024
Low 121.10
Low Date 05/29/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 120.17
Low Date 04/19/2024
High 126.22
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 96.11
Low Date 10/27/2023
High 126.39
High Date 04/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.75
Low Date 09/30/2022
High 126.39
High Date 04/04/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 106.96
Support 92.31
Low 15.14
Low Date 03/06/2009
High 126.39
High Date 04/04/2024
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.