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Select Sector SPDR ETFs Technical Analysis - XLIArchive
- 9/27/2024 -
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Industrial Select Sector SPDR (XLI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Industrial Select Sector SPDR (XLI). During the week, the XLI gained 1.65 points, or 1.24%, and closed at 134.83 on Friday, September 27, 2024. Weekly volume was -29% below 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 135.70 on September 27, 2024. XLI gained -120.56 points, or -796.30%, in 812 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (94.00) 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 XLI medium-term trend chart]
A medium-term uptrend had started on August 5, 2024 at 119.17 and reached 135.70 on September 27, 2024. XLI gained -16.53 points, or -13.87%, in 7 weeks. The price is now at the 5.26% retracement level.
 Weekly Technical Indicators: [See XLI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 23, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See XLI short-term trend chart]
A short-term uptrend had started on September 11, 2024 at 125.11 and reached 135.70 on September 27, 2024. XLI gained -10.59 points, or -8.46%, in 16 days. The price is now at the 8.22% retracement level.
 Daily Technical Indicators: [See XLI daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.
The daily MACD line is above its signal line since September 13, 2024. This is an indication that the short-term trend is up.
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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 |
Up |
| Chart Pattern |
Uptrend |
| Low |
125.11 |
| Low Date |
09/11/2024 |
| High |
135.70 |
| High Date |
09/27/2024 |
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| Weekly 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 |
119.17 |
| Low Date |
08/05/2024 |
| High |
135.70 |
| High Date |
09/27/2024 |
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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 |
135.70 |
| High Date |
09/27/2024 |
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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 |
135.70 |
| High Date |
09/27/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
108.65 |
| Support |
94.00 |
| Low |
15.14 |
| Low Date |
03/06/2009 |
| High |
135.70 |
| High Date |
09/27/2024 |
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