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Archive
- 3/21/2025 -
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Consumer Staples Select Sector SPDR (XLP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Consumer Staples Select Sector SPDR (XLP). During the week, the XLP gave back -0.18 points, or -0.23%, and closed at 79.33 on Friday, March 21, 2025. Weekly volume was 6% above average.
 Long-term trend: [See XLP long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 65.18 and reached 84.53 on September 16, 2024. XLP gained -19.35 points, or -29.69%, in 49 weeks. The price is now at the 26.87% retracement level.
 Medium-term trend: [See XLP medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 84.53 and reached 75.81 on January 16, 2025. XLP lost 8.72 points, or 10.32%, in 17 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 72.49 and resistance is at 81.56. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLP weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
 Short-term trend: [See XLP short-term trend chart]
A short-term downtrend had started on March 10, 2025 at 84.35 and reached 78.88 on March 14, 2025. XLP lost 5.47 points, or 6.48%, in 4 days. The price is now at the 8.23% retracement level.
 Daily Technical Indicators: [See XLP daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 daily MACD line is below its signal line since March 6, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term downtrend is still strong, and momentum is beginning to wane.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
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