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
- 4/25/2025 -
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Consumer Discretionary Select Sector SPDR (XLY) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineStochastic signal line moved above oversold areaPrice is near the Fibonacci 38.2% retracement level
Daily :The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Consumer Discretionary Select Sector SPDR (XLY). During the week, the XLY gained 12.20 points, or 6.58%, and closed at 197.60 on Friday, April 25, 2025. Weekly volume was 14% 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 38.2% 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 Falling Wedge chart pattern. The downtrend resistance line (174.77) is broken. A broken support is considered to be a long-term bullish 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 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 February 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 21, 2025 at 177.97 and reached 197.70 on April 25, 2025. XLY gained -19.73 points, or -11.09%, in 4 days. Price is near the trend high.

Daily Technical Indicators: [See XLY daily technical indicators chart]
Daily technical indicators are neutral.

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 relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.39
Williams' Percentage Range (W%R) 33.10
Lane's Stochastic (%D-Slow) 69.50
Greed/Fear Indicator (GFI) 65.92
Moving Average Converg./Diverg. (MACD) -4.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.30
Williams' Percentage Range (W%R) 68.70
Lane's Stochastic (%D-Slow) 22.76
Greed/Fear Indicator (GFI) 31.80
Moving Average Converg./Diverg. (MACD) 1.67
Trading Signals
Description Value Chart
Upper Bollinger Band 205.62
50 Day Moving Average 200.96
Price 197.60
Daily Stochastic Crossing 193.67
20 Day Moving Average 189.93
Monthly Trendline Resistance 188.30
Weekly Stochastic Crossing 183.13
Parabolic System 179.49
Lower Bollinger Band 177.73
Monthly Trendline Support 174.77
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 177.97
Low Date 04/21/2025
High 197.70
High Date 04/25/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 235.90
High Date 01/31/2025
Low 173.10
Low Date 04/07/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 188.30
Support 174.77
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.