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Archive
- 4/17/2026 -
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Consumer Discretionary Select Sector SPDR (XLY) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a third positive week after 5 consecutive negative weeks for the Consumer Discretionary Select Sector SPDR (XLY). During the week, the XLY gained 7.52 points, or 6.66%, and closed at 120.41 on Friday, April 17, 2026. Weekly volume was -29% below average.
 Long-term trend: [See XLY long-term trend chart]
A long-term uptrend had started on April 7, 2025 at 86.55 and reached 125.01 on January 12, 2026. XLY gained -38.46 points, or -44.44%, in 40 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (125.60) 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 XLY medium-term trend chart]
A medium-term downtrend had started on January 12, 2026 at 125.01 and reached 105.19 on March 30, 2026. XLY lost 19.82 points, or 15.85%, in 11 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (101.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. XLY may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See XLY weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 January 23, 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 XLY short-term trend chart]
A short-term uptrend had started on March 30, 2026 at 105.19 and reached 121.85 on April 17, 2026. XLY gained -16.66 points, or -15.84%, in 18 days. The price is now at the 8.64% retracement level.
 Daily Technical Indicators: [See XLY 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 March 31, 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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