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Archive
- 3/21/2025 -
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Utilities Select Sector SPDR (XLU) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the Utilities Select Sector SPDR (XLU). During the week, the XLU gave back -0.12 points, or -0.15%, and closed at 78.75 on Friday, March 21, 2025. Weekly volume was -21% below average.
 Long-term trend: [See XLU long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 22.48 and reached 83.41 on November 27, 2024. XLU gained -60.93 points, or -271.04%, in 820 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 56.25 and resistance is at 88.81. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See XLU medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 54.77 and reached 83.41 on November 27, 2024. XLU gained -28.64 points, or -52.29%, in 59 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 77.54 and resistance is at 87.45. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See XLU weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 1, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See XLU short-term trend chart]
A short-term downtrend had started on February 21, 2025 at 80.51 and reached 75.66 on March 6, 2025. XLU lost 4.85 points, or 6.02%, in 13 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See XLU 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.
Price is close to the 50 Day Moving Average. 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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