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Archive
- 10/16/2026 -
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Utilities Select Sector SPDR (XLU) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Utilities Select Sector SPDR (XLU). During the week, the XLU gained 0.80 points, or 1.93%, and closed at 42.21 on Friday, October 16, 2026. Weekly volume was 27% above average.
 Long-term trend: [See XLU long-term trend chart]
A long-term uptrend had started on October 6, 2023 at 27.39 and reached 47.80 on February 27, 2026. XLU gained -20.41 points, or -74.52%, in 125 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (44.70) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See XLU medium-term trend chart]
A medium-term downtrend had started on February 27, 2026 at 47.80 and reached 39.03 on September 29, 2026. XLU lost 8.77 points, or 18.35%, in 30 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 38.64 and resistance is at 45.94. 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 XLU weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since May 1, 2026. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See XLU short-term trend chart]
A short-term uptrend had started on September 29, 2026 at 39.03 and reached 42.29 on October 16, 2026. XLU gained -3.26 points, or -8.35%, in 17 days. Price is near the trend high.
 Daily Technical Indicators: [See XLU daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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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