The Greedy Trader Weekly Analysis
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- 5/23/2025 -
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Consumer Discretionary Select Sector SPDR (XLY) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 23.6% retracement level
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Consumer Discretionary Select Sector SPDR (XLY). During the week, the XLY dropped -7.02 points, or -3.23%, and closed at 210.65 on Friday, May 23, 2025. Weekly volume was 21% above average.

Long-term trend: [See XLY long-term trend chart]
A long-term uptrend had started on December 28, 2022 at 126.00 and reached 240.30 on December 18, 2024. XLY gained -114.30 points, or -90.71%, in 103 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See XLY medium-term trend chart]
A medium-term downtrend had started on December 18, 2024 at 240.30 and reached 173.10 on April 7, 2025. XLY lost 67.20 points, or 27.97%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 147.38 and resistance is at 223.64. 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 XLY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 April 7, 2025 at 173.10 and reached 218.18 on May 20, 2025. XLY gained -45.08 points, or -26.04%, in 43 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 190.96 and resistance is at 220.55. 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 short-term trend.

Daily Technical Indicators: [See XLY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.94
Williams' Percentage Range (W%R) 34.50
Lane's Stochastic (%D-Slow) 58.95
Greed/Fear Indicator (GFI) 64.13
Moving Average Converg./Diverg. (MACD) 4.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.51
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 69.21
Greed/Fear Indicator (GFI) 58.65
Moving Average Converg./Diverg. (MACD) -0.89
Trading Signals
Description Value Chart
Monthly Trendline Resistance 223.64
Upper Bollinger Band 223.12
Weekly Trendline Resistance 220.55
Parabolic System 217.53
Daily Stochastic Crossing 213.38
Price 210.65
Weekly Stochastic Crossing 208.56
20 Day Moving Average 206.94
50 Day Moving Average 198.65
Lower Bollinger Band 191.69
Weekly Trendline Support 190.96
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 218.18
High Date 05/20/2025
Low 208.68
Low Date 05/23/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 220.55
Support 190.96
Low 173.10
Low Date 04/07/2025
High 218.18
High Date 05/20/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 223.64
Support 147.38
High 240.30
High Date 12/18/2024
Low 173.10
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 126.00
Low Date 12/28/2022
High 240.30
High Date 12/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.85
Low Date 03/06/2009
High 240.30
High Date 12/18/2024
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.