The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

Archive
- 8/7/2026 -
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Utilities Select Sector SPDR (XLU) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldTrend support at 43.62
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the Utilities Select Sector SPDR (XLU). During the week, the XLU dropped -0.74 points, or -1.67%, and closed at 43.61 on Friday, August 7, 2026. Weekly volume was 12% 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 price is near the trend support (43.62) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 42.95 on August 7, 2026. XLU lost 4.85 points, or 10.15%, in 23 weeks. The price is now at the 13.61% retracement level.

Weekly Technical Indicators: [See XLU weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range 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 downtrend had started on July 24, 2026 at 46.63 and reached 42.95 on August 7, 2026. XLU lost 3.68 points, or 7.89%, in 14 days. The price is now at the 17.93% retracement level.

Daily Technical Indicators: [See XLU 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since July 28, 2026. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.38
Williams' Percentage Range (W%R) 93.10
Strong Oversold
Lane's Stochastic (%D-Slow) 14.03
Oversold
Greed/Fear Indicator (GFI) 18.78
Oversold
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.58
Williams' Percentage Range (W%R) 94.60
Strong Oversold
Lane's Stochastic (%D-Slow) 57.43
Greed/Fear Indicator (GFI) 36.41
Moving Average Converg./Diverg. (MACD) 0.27
Trading Signals
Description Value Chart
Yearly Trendline Resistance 50.86
Upper Bollinger Band 46.38
Weekly Stochastic Crossing 45.03
20 Day Moving Average 44.99
50 Day Moving Average 44.86
Parabolic System 44.74
Yearly Trendline Support 43.62
Price 43.61
Daily Stochastic Crossing 43.33
Lower Bollinger Band 43.02
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.63
High Date 07/24/2026
Low 42.95
Low Date 08/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.63
High Date 07/24/2026
Low 42.95
Low Date 08/07/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.63
High Date 07/24/2026
Low 42.95
Low Date 08/07/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.80
High Date 02/27/2026
Low 42.95
Low Date 08/07/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 50.86
Support 43.62
Low 27.39
Low Date 10/06/2023
High 47.80
High Date 02/27/2026
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.