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Archive
- 5/23/2025 -
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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 -0.47 points, or -0.57%, and closed at 81.60 on Friday, May 23, 2025. Weekly volume was 8% 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 chart has formed a Ascending Triangle chart pattern. The trend support level is at 77.41 and resistance is at 84.27. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.
 Medium-term trend: [See XLP medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 84.53 and reached 75.61 on April 8, 2025. XLP lost 8.92 points, or 10.55%, in 29 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 75.55 and resistance is at 84.14. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 17, 2025. 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 XLP short-term trend chart]
A short-term uptrend had started on April 8, 2025 at 75.61 and reached 82.84 on May 20, 2025. XLP gained -7.23 points, or -9.56%, in 42 days. The chart has formed a Broadening Symmetric Wedge chart pattern. The trend support level is at 79.07 and resistance is at 82.98. A Broadening Symmetric 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 Symmetric Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Symmetric Wedge pattern in a short-term trend.
Daily Technical Indicators: [See XLP 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.
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