The Greedy Trader Weekly Analysis
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- 5/23/2025 -
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Consumer Staples Select Sector SPDR (XLP) Technical Analysis

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Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.77
Williams' Percentage Range (W%R) 44.10
Lane's Stochastic (%D-Slow) 76.07
Greed/Fear Indicator (GFI) 60.90
Moving Average Converg./Diverg. (MACD) 0.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.05
Williams' Percentage Range (W%R) 35.30
Lane's Stochastic (%D-Slow) 70.33
Greed/Fear Indicator (GFI) 61.51
Moving Average Converg./Diverg. (MACD) 0.29
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 84.27
Monthly Trendline Resistance 84.14
Weekly Trendline Resistance 82.98
Upper Bollinger Band 82.70
Daily Stochastic Crossing 81.79
Price 81.60
20 Day Moving Average 81.30
Weekly Stochastic Crossing 80.77
50 Day Moving Average 80.68
Lower Bollinger Band 79.90
Parabolic System 79.73
Weekly Trendline Support 79.07
Quarterly Trendline Support 77.41
Monthly Trendline Support 75.55
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.26
Low Date 05/15/2025
High 82.84
High Date 05/20/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Symmetric Wedge
Status Valid
Resistance 82.98
Support 79.07
Low 75.61
Low Date 04/08/2025
High 82.84
High Date 05/20/2025
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 84.14
Support 75.55
High 84.53
High Date 09/16/2024
Low 75.61
Low Date 04/08/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 84.27
Support 77.41
Low 65.18
Low Date 10/06/2023
High 84.53
High Date 09/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.82
Low Date 03/10/2003
High 84.53
High Date 09/16/2024
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.