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Uptrend Broken SupportArchive
- 6/13/2025 -
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Utilities Select Sector SPDR (XLU) Technical Analysis
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| Summary:
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| | It was a first positive week for the Utilities Select Sector SPDR (XLU). During the week, the XLU climbed 0.23 points, or 0.28%, and closed at 81.42 on Friday, June 13, 2025. Weekly volume was 13% above 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 56.74 and resistance is at 89.68. 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 April 9, 2025 at 71.02 and reached 83.17 on June 3, 2025. XLU gained -12.15 points, or -17.11%, in 7 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (83.24) 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 medium-term trend.
 Weekly Technical Indicators: [See XLU weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 9, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 June 3, 2025 at 83.17 and reached 80.26 on June 10, 2025. XLU lost 2.91 points, or 3.50%, in 7 days. Price is near the Fibonacci 38.2% 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.
The daily MACD line is below its signal line since June 3, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
The distance between the Bollinger Bands (3.54%) is close to one year low (3.97%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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